Question

WHAT DO YOU MEAN BY MOC AND OPERTUNITY COST IN ECONOMICS ?

Answer 1

Marginal opportunity cost 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.

Answer 2

Marginal Opportunity Cost. MOC ofa particular good (say wheat) along a PP curve is the amount of the other good (say tanks) which is sacrificed toproduce an additional unit of that particular good. The rate of this sacrifice is called marginal opportunitycost of the expanding good. Rate of sacrifice is technically termed as marginal rate of transformation (MRT).MRT is the ratio of units of one good (say, tanks) that needs to be sacrificedto produce one more unit of the other good (say, wheat). Symbolically :