what is MRT ? define with example
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- Example of How to Use the Marginal Rate of Transformation – MRT. The MRT is the rate at which a small amount of X can be foregone for a small amount of Y. The rate is the opportunity cost of a unit of each good in terms of another.
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The Mass Rapid Transit, or MRT, is a rapid transit system forming the major component of the railway system in Singapore, spanning most of the city-state. The earliest section of the MRT, between Toa Payoh and Yio Chu Kang, opened on 7 November 1987
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