A.3 Marginal rate of substitution | Consumption - Microeconomics

Описание к видео A.3 Marginal rate of substitution | Consumption - Microeconomics

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Versión en español:    • A.3 Relación marginal de sustitución ...  

This video explains how to calculate and use the marginal rate of substitution (MRS). We start by learning how to calculate it, then move on to use it in order to properly draw indifference curves and, finally, we analyse the MRS for different kinds of indifference curves.

Related videos:
-Utility function:    • A.1 Utility function | Consumption - ...  
-Indifference curves:    • A.2 Indifference curves | Consumption...  

Related articles:
-Marginal rate of technical substitution: http://www.policonomics.com/marginal-...
-Marginal rate of transformation: http://www.policonomics.com/marginal-...

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