In economics, the marginal rate of substitution (MRS) refers to the
1
various combinations of two goods or commodities that leave the consumer equally well off or equally satisfied.
2
amount of a good that a consumer is not willing to procure compared to another good.
3
penal rate at which banks can borrow money from RBI when they are completely exhausted of all borrowing assistance.
4
amount of a good that a consumer is willing to consume compared to another good, as long as the new good is equally satisfying.