Sterling Terrell

smart ideas from books

  • Home
  • About
    • Work With Me
    • My CV
    • Tools
    • Books
    • Series
  • Newsletter
  • Advertising
You are here: Home / Potpourri / Economics 101: Marginal Rate Of Substitution

Economics 101: Marginal Rate Of Substitution

Economics 101: Marginal Rate Of Substitution

[This is part of the series: The Complete Guide To Economics 101.]

What is the marginal rate of substitution?

The Marginal Rate Of Substitution is the rate where a person is willing to trade one good or service for another good or service.

Formally, this is movement, along an indifference curve.

More technically, the marginal rate of substitution is the slope of an indifference curve at any given point.

And then, everyone wants to start talking about calculus.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: PotpourriTagged With: #Economics101

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Privacy Policy

Connect

  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter

Free Weekly Newsletter:

Search

Recent Posts

  • Random Thoughts – 273
  • The Bittersweet Road Of Parenting
  • Instabooks 343
  • Waiting For That Long Black Train
  • Parenting Disposition: Improved
  • If You Want To Be A Writer Then…
  • Goes On In It’s Frozen Way
  • Protect Children From Disappointment?
  • Because You Did The Work
  • Fluffed Up Over Your Ears And
  • Dependent On Us Is Not The Parenting Goal
  • Snow Day 2021
  • They Force You To Be Precise
  • The Week In Review – 248
  • Explore The Answer For Themselves
  • Random Thoughts – 272
  • Falling Now A Shot Of Breath
  • Are You Asking Your Children Too Many Questions?
  • Of Children To Have Is Three
  • The Simple Joy Of Elevator Buttons
  • Respect The Struggle Of Your Kids
  • And Most Everything That Weighs
  • The Power Of Words
  • 6 Ways To Encourage Autonomy In Your Children
  • To Say And Nothing To Do

Copyright © 2021 · Generate Pro On Genesis Framework · WordPress · Log in