Give reasons for the following:Increasing MRT
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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. Rate of sacrifice.
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Heya...
MOC means marginal opportunity cost ..
It increase as we continuously shift from one resource to another..
Reason..
As we shift continuously then the existing specialization of once resources tend to disturb if we crop any other crop then it will take extra cost that is marginal cost......
Thank you
MOC means marginal opportunity cost ..
It increase as we continuously shift from one resource to another..
Reason..
As we shift continuously then the existing specialization of once resources tend to disturb if we crop any other crop then it will take extra cost that is marginal cost......
Thank you
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