No products in the cart.

What is Marginal Rate of Transformation? …

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Install Now

What is Marginal Rate of Transformation? Explain with the help of example

Posted by Mahak Bansal 5 years, 7 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 5 years, 7 months ago

MRT is the rate at which the units of one good have to be sacrificed to produce one more unit of the other good in a two goods economy. Suppose an economy produces only two goods X and Y. Further suppose that by employing these resources fully and efficiently, the economy produces 1X + 10Y. If the economy decides to produce 2X, it has to cut down production of Y by 2 units. Then 2Y is the opportunity cost of producing 1X. Then 2Y : 1X is the MRT.

1Thank You

ANSWER

Related Questions

Define market demand explain the factors that affect it class 11th microeconomics

Posted by Mahi Bansal 9 months, 2 weeks ago

CBSE > Class 11 > Economics

0 answers

Production include all those activity which are Undertaker to produce good and services for the generation of income by enhancing the utility of dash and dash

Posted by Himanshi Rathore 9 months, 3 weeks ago

CBSE > Class 11 > Economics

0 answers

I want statistics economics numerical questions of chapter 4 Organisation of data of writer RADHA BAHUGUNA book

Posted by Mansi Patel 9 months, 3 weeks ago

CBSE > Class 11 > Economics

0 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Divyanshu Singh 10 months ago

CBSE > Class 11 > Economics