What is difference between MOC and MRT?

Answer: MRT is the ratio of loss of output y to gain output x interms of unit and MOC is the ratio of unit sacrifice to gain additional unit of another good in terms of money. Explanation: 1) MRT/ MOC is the slope of PPC whereas MRS is slope of indifference curve .

What is MRS and MRT?

1. Marginal rate of substitution (MRS) is the slope of Indifference curve whereas Marginal rate of transformation (MRT) is the slope of the production possibility frontier.

What is marginal rate of transformation ‘? Explain with the help of an example?

Marginal rate of transformation (MRT) is the rate at which one good/service is transformed into another, given the resources. For example, in a factory, the number of units of good ‘X’ that will be forgone in order to produce an extra unit of good ‘Y’.

What does MOC mean?

center
MOC is an acronym that means masculine of center. It refers mostly to lesbians and trans men and women who tilt toward the masculine side of the gender scale.

How do you explain the relationship between marginal rate of substitution of one commodity for another and marginal utilities of those commodities?

The marginal rate of substitution is equal to the ratio of the marginal utilities with a minus sign. Thus even though the marginal utilities have no behavioral content their ratio does – it measures the rate at which a consumer is willing to substitute between the two goods.

Why does MRS equal MRT?

For all consumers, MRS=MRT must be true. The consumer’s utility is maximized at the bundle where the rate at which the consumer is willing to trade one good for the other equals the rate at which she can trade. It also implies that MRS for all consumers is the same. Then MRT = -p1/p2 is the same for all consumers.

What is marginal rate of transformation Class 11?

Marginal rate of transformation (or marginal opportunity cost) is the ratio between loss of output of Good – Y gain of output of Good – X when some resources are shifted from Good – Y to Good – X.

What is MOC and FoC?

Father of the chapel (FoC) or mother of the chapel (MoC) are the titles in the United Kingdom and Australasia referring to a shop steward representing members of a trade union in a printing office or in journalism. In the printing trade, a chapel is the traditional name given to a meeting of compositors.