discuss the concept of marginal opportunity cost MOC along with schedule
Answers
Answered by
1
Answer:
Define marginal opportunity cost (MOC) along a PP curve. ... MOC of a particular good (say wheat) along a PP curve is the amount of the other good (say tanks) which is sacrificed to produce an additional unit of that particular good. The rate of this sacrifice is called marginal opportunity cost of the expanding good.
Please follow me plz
Similar questions