What is MOC and what is its formula?
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What is MOC?
The marginal opportunity cost or MRT is the rate at which the quantity of output of one commodity is sacrificed to produce one more unit of the other commodity.
Formula to calculate MOC.
MoC / MRT = ∆y / ∆x
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HEY MATE HERE IS YOUR ANSWER
the marginal opportunity cost or MRT is the rate at which the quantity of output of one commodity is sacrificed to produce one more unit of the other commodity.
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the marginal opportunity cost or MRT is the rate at which the quantity of output of one commodity is sacrificed to produce one more unit of the other commodity.
HOPE IT WILL HELP YOU
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