Economy, asked by sumitverma3493, 1 year ago

Define marginal rate of transformation in very short answer


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Answered by piyushy002
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Answer:

The marginal rate of transformation (MRT) is the rate at which one good must be sacrificed in order to produce a single extra unit (or marginal unit) of another good, assuming that both goods require the same scarce inputs. Marginal rate of transformation can also be referred to as the opportunity cost. 3.8.24 मार्च 2018

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