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Question		Answer
pareto efficiency start learning		an economic state where resources cannot be reallocated to make one individual better off without making at least one individual worse off
while MRS focuses on the consumer demand side start learning		MRT focuses on the manufacturing production side
the law of diminishing marginal rates of substitution start learning		usually marginal substitution is diminishing
MRS start learning		is the amount of a good that a consumder is willing to consume compared to another good as long as the new good is equally satisfying
marginal utility for subsitution is zero when start learning		when somebody is indifferent to substituting
diminishing marginal rate of substitution start learning		a decline in MRTS along an isoquant for producing the same level of output

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