Measure of how much of a commodity a consumer will give up to get one or more units of another commodity, while maintaining the same level of satisfaction.
Use 'marginal rate of substitution' in a Sentence
In trying to understand examples of marginal rate of substitution, we asked kids, how many pieces of one candy would they have to give up, to receive a piece of a different candy.
You may find yourself having to use a marginal rate of substitution to get what you need out of your company.
I wanted to know the marginal rate of substitution and it took me all afternoon to figure out how to do that.
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