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Nov 9, 2021 19:37
2 yrs ago
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Spanish term
MRS, MRC, MRT
Spanish to English
Bus/Financial
Business/Commerce (general)
Electric Bill
From SAREN's Planilla Unica Bancaria [Sole Banking Form] in Venezuela. The numbers appear to be monetary amounts, so maybe the "M" in each case refers to "monto"? I cannot seem to find a good reference for this one.
MRS 645.16 MRC 0.00 MRT 645.16
Any help is appreciated!!
MRS 645.16 MRC 0.00 MRT 645.16
Any help is appreciated!!
Proposed translations
(English)
3 | marginal rate of substitution | Lisa Rosengard |
Proposed translations
41 mins
marginal rate of substitution
"MRS: The marginal rate of substitution is the amount of a good that a consumer is willing to consume compared to another good, as long as the new good is equally satisfying. There's an indifference theory to analyze consumer practices, such as the replacement of one good with another."
"MRT: The marginal rate of transformation is the number of units or amounts of a good that must be foregone to create or attain one unit of another good. It's the number of units of good Y which are foregone to produce an extra unit of good X, while keeping production factors and technology constant."
MRC = marginal resource cost
"MRT: The marginal rate of transformation is the number of units or amounts of a good that must be foregone to create or attain one unit of another good. It's the number of units of good Y which are foregone to produce an extra unit of good X, while keeping production factors and technology constant."
MRC = marginal resource cost
Example sentence:
MRC: " The amount or the total cost of employing a resource increases when a firm employs one additional unit of the resource, while the quantity of all other resources remains constant." (google.co.uk)
Reference:
http://https://www.investopedia.com/terms/m/marginal_rate_transformation.asp
http://https://www.investopedia.com/terms/m/marginal_rate_substitution.asp
Note from asker:
Interesting, but not sure. To me, the numbers appear to refer to monetary amounts instead of rates. Thanks for the input, though! |
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