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.
Purdue University Calumet Campus tuition is $6,094 per year for in-state residents. This is 5% cheaper than the national average public four year tuition of $6,429. The cost is $12,891 and 68% cheaper than the average Indiana tuition of $18,985 for 4 year colleges.Tuition ranks 2nd in Indiana amongst 4 year colleges for affordability and is the 71st most expensive 4 year college in the state.he cost is $12,891 and 68% cheaper than the average Indiana tuition of $18,985 for 4 year colleges. Tuition ranks 2nd in Indiana amongst 4 year colleges for affordability and is the 71st most expensive 4 year college in the state.