Definition of 'Diminishing Marginal Rate of Substitution' Consumer tastes exhibit a Diminishing Marginal Rate of Substitution when, to hold utility constant, diminishing quantities of one good must be ...
James Chen, CMT is an expert trader, investment adviser, and global market strategist. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas including investing, ...
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