The following table shows the combination of X and Y two factor inputs which are on the same Isoquant line.

Combination X(quantity) Y(quantity)
A 1 20
B 2 15
C 3 11
D 4 7

Find the marginal rate of substitution for combination D.

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Solution

The correct option is B 4
The marginal rate of substitution begins from combination B. The marginal rate of substitution for combination D would be the amount of good Y the individual has given up to get one more of good X. For the individual to go from 3 of good X to 4 of good X, the consumer had to give up 11 minus 7 goods of y. This is equal to 4.

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The following table shows the combination of X and Y two factor inputs which are on the same Isoquant line.CombinationX(quantity)Y(quantity)A120B215C311D47Find the marginal rate of substitution for combination D.

The following table shows the combination of X and Y two factor inputs which are on the same Isoquant line.

Combination X(quantity) Y(quantity)
A 1 20
B 2 15
C 3 11
D 4 7

Find the marginal rate of substitution for combination D.