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1. Assume that a consumer consumes two commodities X and Y and makes five combinations for the two commodities TABLE BELOW HMING GLOBAL ACCESS SCHOOL

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1. Assume that a consumer consumes two commodities X and Y and makes five combinations for the two commodities TABLE BELOW HMING GLOBAL ACCESS SCHOOL FOR NMIMS CONTINUING EDUCATION NMIMS Global Access School for Continuing Education (NGA-SCE) Course: Business Economics Internal Assignment Applicable for June 2022 Examination Calculate Marginal rate of Substitution and explain the answer. (10 Marks) 2. Elaborate the term Total Revenue and Marginal revenue also calculate TR and MR in the given table (10 Marks)

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