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This question belongs to Commerce Economics

Economics

?

Marginal rate of substitution of x and y can be shown in the curve by formula

A) $$MR{S_{xy}} = \frac{{ - \Delta y}}{{\Delta x}}$$ B) $$MR{S_{xy}} = \frac{{\Delta x}}{{\Delta y}}$$ C) $$MR{S_{xy}} = \frac{{\Delta y}}{{\Delta x}}$$ D) $$MR{S_{xy}} = \frac{{ - \Delta x}}{{\Delta y}}$$

Answer & Solution

Correct Answer: Option A

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