Question

difference between moc and mrt

Answer 1

there is no deffrence between MOC & MRT both r sm..
The amount of sacrifice made in production of one.
MRT is the ratio of loss of output y to gain output x interms of unit and MOC is the ratio of unit sacrifice to gain additional unit of another good in terms of money
and moc is

Answer 2

Answer:

MRT is the ratio of loss of output y to gain output x interms of unit and MOC is the ratio of unit sacrifice to gain additional unit of another good in terms of money.

Explanation:

1) MRT/ MOC is the slope of PPC  whereas MRS is slope of indifference curve .

2)MRS is the rate at which a consumer is willing to sacrifice one good to gain other good without affecting total utility but MRT is the ratio of number of unit sacrificed of one good to obtain more unit of another good.

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