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.
If you want to get in, the first thing to look at is the acceptance rate. This tells you how competitive the school is and how serious their requirements are. The acceptance rate at Notre Dame is 21%. For every 100 applicants, 21 are admitted. This means the school is very selective. If you meet Notre Dame's requirements for GPA, SAT/ACT scores, and other components of the application, you have a great shot at getting in.