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Define marginal opportunity cost

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Define marginal opportunity cost

    • Posted by Purna Hang Limboo 7 years, 4 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Shivani Vani 7 years, 4 months ago

    The rate at which the unit of output of one good are sacrificed y (good) to producing one more unit of other good x(good)

    0Thank You

    Himanshi Singh 7 years, 4 months ago

    Marginal opportunity cost is the ratio between loss of output and gain of output when resources are shifted from Use 1 Use 2.

    1Thank You

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