Marginal rate of substitution

 

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Marginal rate of substitution

In a production function or a utility function, the ratio at which one argument (input) substitutes for another along an isoquant or indifference curve.



Similar Matches

Same day substitution

Same day substitution

Offsetting changes in a margin account during the day that result in no overall change in the balance of the account.


Import substitution development strategy

Import substitution development strategy

A development strategy followed by many Latin American countries and other LDCs that emphasize import substitution-accomplished through protectionism-as the route to economic growth.


No Substitution

No Substitution

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 strikes out this phrase, the proxy cannot be voted if there is a change in the designated proxy committee.


Substitution effect

Substitution effect

That portion of the effect of price on quantity demanded that reflects the changed tradeoff between the good and other alternatives. Contrasts with income effect.


Substitution swap

Substitution swap

A swap in which a money manager exchanges one bond for another bond that is similar in terms of coupon, maturity, and credit quality, but that offers a higher yield.


Further Suggestions

Asset substitution
Constant elasticity of substitution function
Import substitution
Elasticity of substitution


 
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