MRT is the marginal rate of transformation...means ek commodity ka production increase krne k liye how much you sacrifice the production of other good. And MRS is the marginal rate of substitution....means do substitute goods me ek good ka consumption increase krne k liye how much you sacrifice other good ex. Apple and orange.
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44:46 mrt
Sir What Is The Difference Between MRT & MRS ?
MRT is the marginal rate of transformation...means ek commodity ka production increase krne k liye how much you sacrifice the production of other good.
And MRS is the marginal rate of substitution....means do substitute goods me ek good ka consumption increase krne k liye how much you sacrifice other good ex. Apple and orange.
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