Economics · Economy
When a consumer increases units of X-commodity by giving up some units of Y-commodity to attain the same level of satisfaction, the Marginal Rate of Substitution (MRSxy) is calculated as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Change in Y-commodity / Change in X-commod ity✓
- 2Change in X-commodity / Change in Y-commodity
- 3Change in Y-commodity / Marginal utility of X-commodity
- 4Change in X-commodity / Marginal utility of Y-commodity
Correct answer
Change in Y-commodity / Change in X-commod ity
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