Economy, asked by jadavarvind212, 7 months ago

opportunity cost and marginal opportunity cost diagram

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Answered by Anonymous

Answer:

Explanation:

Opportunity cost expresses the relationship between scarcity and choice, while marginal cost represents the cost of producing an additional unit.

Answered by rasmipravabaral10

Answer:

The slope of production possibility curve is marginal opportunity cost or marginal rate of transformation which refers to the additional sacrifice that a firm makes when they shift resources and technology from production unit of one commodity to the other commodity in an economy.

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