Differentiate b/w MRS and Market rate …
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Posted by Rajat Vashistha 6 years, 9 months ago
- 2 answers
Sakshi Sharma??️??️ 6 years, 9 months ago
* marginal rate of substitution (MRS) is the amount of a good that a consumer is willing to give up for another good, as long as the new good is equally satisfying. It's used in indifference theory
★★★★★ An exchange rate is the price of a nation's currency in terms of another currency. ... Exchange rates are quoted in values against the US dollar.
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Rajat Sharma 6 years, 9 months ago
0Thank You