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Question : Marginal Rate of Transformation =

Option 1: Number of units sacrificed : Number of units gained

Option 2: Number of units gained : Number of units sacrificed

Option 3: Number of units sacrificed : Number of units foregone

Option 4: Number of units attainable : Number of units gained


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: Number of units sacrificed : Number of units gained


Solution : Marginal Rate of Transformation (MRT) is the ratio of number of units of a commodity sacrificed to gain an additional unit of another commodity. Hence, the correct option is 1.

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