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Expalin the following terms in short …

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Expalin the following terms in short aimole and easy language 1.M.R.S 2.Indifference Curve With the help of diagram

    • Posted by Ashwary Varshney 7 years, 7 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Mansimrat Kaur 7 years, 7 months ago

    IC is diagrammatic representation of indifference set. It is locus of such combination of two goods havings same satisfaction

    1Thank You

    Syed Khabib 7 years, 7 months ago

    MRS -The rate at which one good is sacrifice for the gain of other. *IC-It is a combination of two goods within the resources and technology.

    2Thank You

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