Economy, asked by dkumargupta251, 4 days ago

explain the role of MRTP in concave shape of PPF with the help of schedule​

Answers

Answered by questenterprise3
8

Explanation:

The marginal rate of transformation (MRT) is the number of units or amount of a good that must be forgone to create or attain one unit of another good. It is the number of units of good Y that will be foregone to produce an extra unit of good X while keeping the factors of production and technology constant.

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