Explain the concepts of opportunities cost and marginal rate of transf – InterviewSolution

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1.	Explain the concepts of opportunities cost and marginal rate of transformation using a production possibility schedule based on the assumption that no resource is equally efficient in production of all goods
Answer» EXPLAIN the concept of opportunity cost and marginal rate of transformation using the production possibility schedule that no resource is equally efficient in the production of all COURTS because the marginal UTILITY and the marginal cost is

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