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Explain MOC (Marginal Opportunity Cost) class 11th economics........

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Answered by Anonymous
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Answered by Anonymous
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\huge\bf\green{Hey\:Mate}

-MOC stands for Marginal Opportunity Cost.

-MOC refers to the number of units of a commodity sacrificed to gain one additional unit of another commodity.

-It is an economic term that analyzes the effect of producing additional units of a product on the costs of a business, as well as the opportunities the companies give up to produce more of a product.

Hope it helps uh❤️

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