Question

Write the MOC and MRS defines ?? Eco

Answer 1

Heya......

====== Answer ======

Define of MOC :-

• It refers to the Marginal Opportunity Cost...

• It is the cost of per unit of marginal revenue of crop 2 when the resource are shifted from use 1 to use 2....

• It tends to increase as me move along the PPC ....

Define of MRS :-

• It refers to the Marginal Rate of Substitution ...

• It is the rate at which the consumer is willing to subsitute a good for any other one....

• It tends to decrease as we move along the IC....

Thank you

Answer 2

HIII

GOOD MORNING

ANSWER:-------

MOC:----

IT STANDS FOR MARGINAL OPPURTUNITY COST.MOC OF A PARTICULAR GOOD ALONG WITHE THE PP CURVE IS THE AMOUNT OF OTHER GOODS WHICH IS SACRIFICED TO PRODUCE AN ADDITIONAL UNIT OF THAT PARTICULAR GOOD.THE RATE OF SACRIFICE IS CALLED MARGINAL OPPURTUNITY COST OF THE EXPANDING GOOD.

MRT:-------
MRT IS THE RATIO OF UNIT OF ONES GOOD THAT NEEDS TO BE SACRIFICED TO PRODUCE ONE MORE UNIT OF THE OTHER GOOD.


HOPE THIS HELPS YOU
PLEASE MARK AS BRAINLIEST