Economy, asked by min1deshmi2tee, 1 year ago

what is the difference between MRS(marginal rate of transformation), MRS(marginal rate of substitution), MOC(marginal opportunity cost)?

Answers

Answered by shwi

1

all the terms are same it is the opportunity cost I.e., cost of next best alternative

Previous Question

Next Question

Similar questions

English, 8 months ago

we do it differently in this dark continent ...

Science, 8 months ago

What are the different stages in life history of silkworm ?

English, 8 months ago

transformation of sentence 1) I will never forget that dinner you serve us on your birthday.

Math, 1 year ago

Three cubes whose edges measure 3cm,4cm,5cm respectively to form a single cube.Find its edge.Also find the surface area of the new cube.

Science, 1 year ago

what is 'cohension'?

Math, 1 year ago

Find HCF of 12,16 and 28...

Physics, 1 year ago

what is intregation?

Math, 1 year ago

(A+B) 2 =A 2 +B 2 +2AB-2AB That is right.