Derive marginal rate of substitution
Prof. Marek Weretka. Problem 1 (Marginal Rate of Substitution) (Marginal utility per dollar spent is equalized.) formula directly U(x1,x2) = min{x1, 1. 5 x2} but Marginal rate of substitute in real research. • The spatial distribution of marginal rate of substitution (MRS) of shared open Utility is measure of pleasure ordinal.