# Marginal rate of product substitution formula

Preferences, indifference curves. Utility function Marginal rate of substitution (MRS), diminishing MRS algebraic formulation of MRS in terms of the utility function Utility maximization: Tangency, corner, and kink optima Demand functions, their homogeneity property Homothetic preferences. Form of demand functions for these

Feb 16, 2012 · Hello, Tomorrow I've got really important test from Economics and I need some help. How to calculate the Marginal Rate of Substitution from this: U = 3x + 2y^2 In my opinion I should calculate that from the formula MRS = MUx / MUy, so the MRS = 3x/4y, but I've found an another formula: MRS = - (MUx / MUy).

You take the radical sine of 13, add the coefficient margin of probability, subtract the inventory plus the cosine of the profit margin and add the number of sales people. In economics, the marginal rate of substitution (MRS) is the amount of a good that a consumer is willing to consume in relation to another good, as long as the new good is equally satisfying. It's ...