Q. 115.0( 1 Vote )
Explain the conce
Marginal opportunity cost is the rate at which the output of one product is to be sacrificed for the output increase of another product.
Example: Output of A=8, 5
The output of B=6, 7
Marginal opportunity cost=delta A/delta B
So there is a loss of 1 unit of A for one unit of B.
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