Answer to Question #273860 in Microeconomics for Omma

Question

B) what is the mariginal rate of subsitutuion between two complementary goods ?

Answer 1

The marginal rate of substitution (MRS) can be understood as the number of goods that an individual is willing to consume compared to other goods. Complementary goods mean when two goods are demanded jointly to satisfy a single want. 

MRS for complementary goods can be understood as a rate at which an individual is willing to give up some amount of one good in exchange for another good maintaining the same level of utility.