The rate at which the consumer is willing to substitute one good for a – McqOptions

MCQOPTIONS

1.	The rate at which the consumer is willing to substitute one good for another without changing the level of satisfaction is known as:
A.	Marginal rate of substitution
B.	Marginal rate of technical substitution
C.	Diminishing marginal utility
D.	Equi-marginal utility
Answer» B. Marginal rate of technical substitution

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