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Marginal Opportunity Cost | MOC| Marginal Rate of Transformation | MRT | Micro Economics | English
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This video explains the meaning of Marginal Opportunity Cost (MOC)/Marginal Rate of Transformation (MRT) with notes.
MARGINAL OPPORTUNITY COST is defined as the rate of sacrifice of one commodity in order to produce to one more unit of the other commodity. MOC plays an important part in making a choice in economics.
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#cbseboardeco #mytake #opportunitycost #microeconomics #opportunitycost
MARGINAL OPPORTUNITY COST is defined as the rate of sacrifice of one commodity in order to produce to one more unit of the other commodity. MOC plays an important part in making a choice in economics.
Thanking you for watching the video.
Don not forget to share, subscribe, like, comment and press the bell icon.
Best of luck.
#cbseboardeco #mytake #opportunitycost #microeconomics #opportunitycost
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