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Explain marginal opportunity cost?
Most Upvoted Answer
Explain marginal opportunity cost?
MOC refers to the number of units of one good that have to be sacrificed to produce one
additional unit of the other good.
Community Answer
Explain marginal opportunity cost?
It refers to opportunity cost of per unit of additional output of crop 1 when some resources are shifted from one opportunity to the other ( from crop 1 to crop 2)
Formula = ∆loss of output crop 1 /
∆ gain of output crop 2
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Explain marginal opportunity cost?
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