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Q.

When a consumer increases units of X - commodity by giving up some units of Y- commodity and even to attain the same level of satisfaction, the marginal rate of substitution, will be calculated by :

[A] Change in X - Commodity divided by change in Y - Commodity

[B] Change in X - Commodity divided by marginal utility of Y - Commodity

[C] Change in Y - Commodity divided by change in X - Commodity

[D] Change in Y - Commodity divided by marginal utility of X - Commodity

Answer & Explanation
Answer: Change in Y - Commodity divided by change in X - Commodity

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