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For a film buff, the Marginal Rate of Substitution of meals for films is the quantity of films they must sacrifice to increase the quantity of meals by one unit without changing the total utility.

Definition of 'Diminishing Marginal Rate of Substitution' Consumer tastes exhibit a Diminishing Marginal Rate of Substitution when, to hold utility constant, diminishing quantities of one good must be ...

Within the text on a proxy card are the words: "The shareholder appoints certain people (collectively, the proxy committee) with full power of substitution to vote the shares." If the security holder ...

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