B.7 Marginal rate of transformation | Production - Microeconomics
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B.7 Marginal rate of transformation | Production - Microeconomics
Learn more: http://www.policonomics.com/marginal-rate-of-transformation/ Spanish version: https://youtu.be/RKBl2XbP7_s This video explains what the marginal rate of transformation (MRT) is, and shows its relationship with the production possibility frontier. We also analyse how the MRT determines the opportunity cost in production. Related ...
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