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What is marginal rate of transformation?

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What is marginal rate of transformation?
  • 2 answers

Rahul Adhikari 6 years, 8 months ago

Marginal rate of transformation (MRT) is defined as the rate at which one commodity is sacrifced to gain an additional unit of other commodity. It is also known as MOC(marginal opportunity cost)

Gargi Sharma 6 years, 9 months ago

Marginal rate of transformation is the rate where a consumer is willing to substitute one good for another good.
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