Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Thomas J. Brock is a CFA and CPA with more than 20 years of ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

For a film buff, the Marginal Rate of Substitution of meals for films is the quantity of films they must sacrifice to increase the quantity of meals by one unit without changing the total utility.

Definition of 'Diminishing Marginal Rate of Substitution' Consumer tastes exhibit a Diminishing Marginal Rate of Substitution when, to hold utility constant, diminishing quantities of one good must be ...

Within the text on a proxy card are the words: "The shareholder appoints certain people (collectively, the proxy committee) with full power of substitution to vote the shares." If the security holder ...