difference between moc and mrs
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MRT is the ratio of loss of output y to gain output x interms of unit and
Both describe the relationship between two goods in terms of how many units of one is equivalent to one unit of the other. However, the marginal rate of transformation focuses on supply and the marginal rate of substitution focuses on demand.
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MRT is the ratio of loss of output y to gain output x interms of unit and
Both describe the relationship between two goods in terms of how many units of one is equivalent to one unit of the other. However, the marginal rate of transformation focuses on supply and the marginal rate of substitution focuses on demand.
HOPE IT HELPS U.
MARK AS BRAINLIEST ANSWER.
THNK U.
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