SEARCH
You are in browse mode. You must login to use MEMORY

   Log in to start


From course:

IR 213 USC

» Start this Course
(Practice similar questions for free)
Question:

The number of units or amount of a good that must be forgone in order to create or attain one unit of another good. Considered the absolute value of the slope of the production possibilities frontier. The formula is money needed to produce another unit divided by the rate of increase by cutting production.

Author: Samuel Konsker



Answer:

Marginal Rate of Transformation


0 / 5  (0 ratings)

1 answer(s) in total