ASPECTS REGARDING THE MARGINAL RATE IN MATHEMATICAL MODELING

Horia Babuta Raut, Ana-Mariana Dincu, Lia Sanda Rotariu

Abstract


In the case of the practical test, we performed economic applications in which we achieved the marginal rate of substitution, the slope of an isocost line and the slope of a budget line. The algorithm of the indifference curves will be the isoproduction curves, i.e. the totality of the combinations of the two factors of production: W and Q that ensure the same level of production. The indicator of the marginal substitution rate with a content perfectly similar to the one used in the analysis of consumer behavior was also introduced here.

Keywords


baskets; chocolate; mathematical analysis

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Copyright (c) 2021 Horia Babuta Raut, Ana-Mariana Dincu, Lia Sanda Rotariu

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LUCRĂRI ȘTIINȚIFICE MANAGEMENT AGRICOL

ISSN print 1453-1410
ISSN online 2069-2307
(former ISSN 1453-1410, E-ISSN 2069-2307)

PUBLISHER: AGROPRINT Timisoara, Romania
PAPER ACCESS: Full text articles available for free
FREQUENCY: Annual
PUBLICATION LANGUAGE: English

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Banat`s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania” from Timisoara
Faculty of Management and Rural Tourism
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