Genlie

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質問 American English 答え American English
pareto efficiency
学び始める
an economic state where resources cannot be reallocated to make one individual better off without making at least one individual worse off
while MRS focuses on the consumer demand side
学び始める
MRT focuses on the manufacturing production side
the law of diminishing marginal rates of substitution
学び始める
usually marginal substitution is diminishing
MRS
学び始める
is the amount of a good that a consumder is willing to consume compared to another good as long as the new good is equally satisfying
marginal utility for subsitution is zero when
学び始める
when somebody is indifferent to substituting
diminishing marginal rate of substitution
学び始める
a decline in MRTS along an isoquant for producing the same level of output

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