Back Əvəzetmənin marjinal nisbəti Azerbaijani Relació marginal de substitució Catalan Grenzrate der Substitution German Relación marginal de sustitución Spanish Ordezte-erlazio marjinal Basque Taux marginal de substitution French שיעור תחלופה שולי HE Saggio marginale di sostituzione Italian 限界代替率 Japanese 한계대체율 Korean
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In economics, the marginal rate of substitution (MRS) is the rate at which a consumer can give up some amount of one good in exchange for another good while maintaining the same level of utility. At equilibrium consumption levels (assuming no externalities), marginal rates of substitution are identical. The marginal rate of substitution is one of the three factors from marginal productivity, the others being marginal rates of transformation and marginal productivity of a factor.[1]
- ^ Dorfman (2008) "Marginal Productivity Theory"