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Law of Diminishing Marginal Rate of Substitution and its Reasons

   

Added on  2023-06-04

4 Pages628 Words475 Views
Marginal Rate of
Substitution

Table of Contents
Elucidation of the concept law of diminishing Marginal Rate of Substitution (MRS)...................3
Enumeration of the reasons suggested by MRS, that isoquant must be bent toward the origin......4
REFERENCES..............................................................................................................................4

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