Question 14
Based on the above data, answer the given subquestions.
What is the marginal rate of substitution of food for clothing when utility is maximized? MRS (F for C) = _______________
Question 14: What is the marginal rate of substitution of food for cl…
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Correct answer: 0.5
Question 14 of 27 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 2 paper sat on 12 Apr 2026, in the January 2026 term (Managerial Economics 06 Apr 26). It carries 1 mark.
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