77 911
Assignments Done
Successfully Done
In August 2019

Answer to Question #16063 in Microeconomics for himanshu

Question #16063
if good1 is neutral ,what is marginal rate of substitution of good2?
Expert's answer
It depends on the second good. If second good is positive then MRS is positive,
cause curve has positive slope; if 2 good - negative, then MRS - negative.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions