Define Marginal opportunity cost along a …
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Posted by Rishabh Goel 6 years, 8 months ago
- 3 answers
Yogita Ingle 6 years, 8 months ago
The marginal opportunity cost for a comodity is the admount of other goods which has to be given up in order to produce an additional unit of that commodity
Production Possibilities Curve(PPC) of Marginal Opportunity cost
Marginal opportunity cost of one commodity (say 'x') means the amount of another commodity (say 'y') which is sacrified to have an additional unit of 'X' commodity. Marginal opportunity cost is generally increasing.It means more and more of the other good has to be sacrifised to have per unit increase of the former commodity
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Nikhil Dwivedi 6 years, 8 months ago
1Thank You