Question

Define marginal opportunity cost. explain the concept with a hypothetical numerical example

Answer 1

Moc  (Marginal opportunity cost) is the loss of output of good-Y when one unit more of good-X is produced to gain an additional unit ,which rotates from Y to X.It is also known Marginal rate of transformation or marginal rate of tecnical substitution.

Answer 2

Answer:

The Marginal Opportunity Cost (MOC) can be defined as the ratio of a number of units of a good sacrificed to produce an additional unit of another good. It is also known as Marginal Rate of  Transformation (MRT).