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.
Average ACT: 33. The average ACT score composite at Notre Dame is a 33. The 25th percentile ACT score is 32, and the 75th percentile ACT score is 34. In other words, a 32 places you below average, while a 34 will move you up to above average. There's no absolute ACT requirement at Notre Dame, but they really want to see at least a 32 to have a chance at being considered.