MRS of X for Y is the amount of Y for which a consumer is willing to exchange X locally. The MRS is different at each point along the indifference curve thus it is important to keep locally in the definition.or example, if the MRS xy = 2, the consumer will give up 2 units of Y to obtain 1 additional unit of X. As one moves down a (standardly convex) indifference curve, the marginal rate of substitution decreases (as measured by the absolute value of the slope of the indifference curve, which decreases).
Undergraduate Tuition. Tuition for Notre Dame of Maryland University is $32,548 for the 2015/2016 academic year. This is 25% more expensive than the national average private non-profit four year college tuition of $25,965. The cost is 69% more expensive than the average Maryland tuition of $19,285 for 4 year colleges.
Similar to the trends across all top schools, University of Notre Dame acceptance rates have continued to decline over the past 8 years and will almost certainly continue to do so into the future. The Class of 2020 was the single most challenging year to be admitted to University of Notre Dame ever. For the Class of 2020, 19,499 students applied to University of Notre Dame of which 3,665 students were accepted, yielding an overall acceptance rate of 18.8%.