Question

what is MRT? pls explain..

Answer 1

Heya...

See here for your answer....

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MRT refers to Marginal Rate of Transformation or the Marginal Opportunity Cost also...

Define....

It is the additional cost of producing good y by shifting from good x to y...

It raises when we Continuously shift from one Resource to other one...

And it leads to concave shape of production possibility curve..

Thank you...

Answer 2

Answer:-

The full form of MRT is "Marginal Rate of Transmission"

More information about "Marginal rate of Transmission":

• The Marginal Rate of Transmission also called as Marginal Opportunity Cost
• Marginal rate of transformation (or marginal opportunity cost) is the ratio between loss of output of Good - Y gain of output of Good - X when some resources are shifted from Good - Y to Good - X.
• The slope of production possibility curve is marginal rate of transmission (or) marginal opportunity cost which refers to the additional sacrifice that a firm makes when they shift resources and technology from production of one commodity to the other as the resources and technology are fixed in an economy.