Marginal Rate of Substitution Calculator

Marginal Rate of Substitution Calculator

Marginal Rate of Substitution Calculator

Marginal Rate of Substitution (MRS):

Formula: Marginal Rate of Substitution = ΔY / ΔX

Marginal Rate of Substitution Calculator
Parameter Description Example Value
Change in Quantity of Good X The change in the quantity of good X. 2 units
Change in Quantity of Good Y The change in the quantity of good Y. 3 units
Marginal Rate of Substitution (MRS) 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.
Formula: Change in Quantity of Good Y / Change in Quantity of Good X
1.5

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