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单词 marginal rate of substitution
释义
marginal rate of substitution

Economics
  • The additional amount of one good required to compensate a consumer for a small decrease in the quantity of another, per unit of the decrease. The marginal rate of substitution at a particular level of consumption is given by the negative of the gradient of the indifference curve. This is the ratio of the marginal utilities for the two goods, so for a differentiable utility function the marginal rate of substitution between goods x and y is

    MRSx,y=Ux/Uy.


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