Marginal Rate Of Transformation

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Definition: Marginal Rate Of Transformation

Marginal Rate Of Transformation
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Full Definition of Marginal Rate Of Transformation

The increase in output of one good made possible by a one-unit decrease in the output of another, given the technology and factor endowments of a country; thus the absolute value of the slope of thetransformation curve.

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April 19, 2024 https://payrollheaven.com/define/marginal-rate-of-transformation/.
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Marginal Rate Of Transformation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/marginal-rate-of-transformation/ (accessed: April 19, 2024).
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Marginal Rate Of Transformation. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/marginal-rate-of-transformation/

Definition Sources

Definitions for Marginal Rate Of Transformation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.