Why mrs tendto decline answer this question plz
Dear Student,
Marginal Rate of Substitution (MRS) is the rate at which a consumer is willing to sacrifice one good for another. ​Suppose the consumer consumes two goods X and Y. Initially, when the consumer sacrifices good Y, she is willing to sacrifice more of good Y with less of good X. However, as she continues to substitute good Y with good X and her consumption of good X increases, due to te Law of Diminishing Marginal Utility, her satisfaction from good X starts falling. As a result, she is willing to sacrifice less and less of good Y to maintain the same level of satisfaction as earlier. Thus, the MRS of the two goods declines.
Marginal Rate of Substitution (MRS) is the rate at which a consumer is willing to sacrifice one good for another. ​Suppose the consumer consumes two goods X and Y. Initially, when the consumer sacrifices good Y, she is willing to sacrifice more of good Y with less of good X. However, as she continues to substitute good Y with good X and her consumption of good X increases, due to te Law of Diminishing Marginal Utility, her satisfaction from good X starts falling. As a result, she is willing to sacrifice less and less of good Y to maintain the same level of satisfaction as earlier. Thus, the MRS of the two goods declines.