Explain the concept of MOC diagrammatically?
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Posted by Yashmit Segal 4 years, 5 months ago
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Preeti Dabral 4 years, 5 months ago
MOC refers to the number of units of a commodity sacrificed to gain one additional unit of another commodity. For example if an economy produces two goods A and B. A person employed in production of A because he is able and efficient to produce that good.
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