Question : Marginal Rate of Transformation =
Option 1: Number of units sacrificed : Number of units gained
Option 2: Number of units gained : Number of units sacrificed
Option 3: Number of units sacrificed : Number of units foregone
Option 4: Number of units attainable : Number of units gained
Answer (1)
19th Jan, 2024
Correct Answer: Number of units sacrificed : Number of units gained
Solution : Marginal Rate of Transformation (MRT) is the ratio of number of units of a commodity sacrificed to gain an additional unit of another commodity. Hence, the correct option is 1.
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