What is the marginal rate of transformation (MRT)? Explain why the MRT of one good for another

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What is the marginal rate of transformation (MRT)? Explain why the MRT of one good for another is equal to the ratio of the marginal costs of producing the two goods.

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:35 AM

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What is the marginal rate of transformation (MRT)? Explain why the MRT of one good for another

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The marginal rate of transformation MRT is equal to the absolute value of the slope of ...View the full answer

Microeconomics

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