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What do you mean by PPC ? And Marginal Rate of Transformation (MRT)? |
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Answer» Answer: yeah Explanation: The rate at which one product is transformed into ANOTHER, given the resources, is called as the marginal rate of transformation (MRT). In other words, MRT between two goods X and Y is the amount of GOOD Y that MUST be SACRIFICED to PRODUCE one more unit of good X (i.e., ) |
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