MRS. degree = attending school for the sole purpose of getting married.
MRS = marginal rate of substitution, or the rate at which a consumer will give up one good for another.
The graph illustrates three indifference curves. Each curve represents all points where a consumer would be equally happy. The curve in the upper right corner represents the highest utility level.
MRS. degree = attending school for the sole purpose of getting married.
ReplyDeleteMRS = marginal rate of substitution, or the rate at which a consumer will give up one good for another.
The graph illustrates three indifference curves. Each curve represents all points where a consumer would be equally happy. The curve in the upper right corner represents the highest utility level.
well... you know at least you need to pay tuition to get MRS. degree as well.
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