Enotes World - Marginal Rate of substitution (MRS) ------------------------------- What it is? It is the rate at which the consumer is willing to give up certain units of a commodity for one
![Marginal Rate of Substitution: Principle, Reasons and Relationship between MRS and Marginal Utilities Marginal Rate of Substitution: Principle, Reasons and Relationship between MRS and Marginal Utilities](https://www.economicsdiscussion.net/wp-content/uploads/2014/06/image40.png)
Marginal Rate of Substitution: Principle, Reasons and Relationship between MRS and Marginal Utilities
![Marginal Rate of Substitution | Economics, Formula & Calculator - Video & Lesson Transcript | Study.com Marginal Rate of Substitution | Economics, Formula & Calculator - Video & Lesson Transcript | Study.com](https://study.com/cimages/multimages/16/07e8ecd0-94eb-4532-a005-5033e1a1ef3d2867604747480920462.jpeg)