The marginal rate of substitution (MRS) is the amount of one good that a consumer is willing to give up in exchange for a new good while maintaining the same level of utility. MRS is used in ...

"Cardinal" utility measures economic value through imaginary units known as "utils." "Marginal" utility is what is gained by consuming an additional unit of a service or good. Investopedia / Mira ...

This article was expert reviewed by Lisa Niser, EA, an enrolled agent and tax advisor. Marginal tax rate is the highest tax bracket your last dollar of taxable income falls into. Effective tax ...

The marginal utility of a thing to anyone diminishes with ... level of satisfaction to see more of Dhoni peaked as his strike-rate was a staggering 220.54, which included 13 sixes, his most ...