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Home/ Questions/Q 187583
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ImRoopam2004
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ImRoopam2004
Asked: March 26, 20222022-03-26T05:11:02+00:00 2022-03-26T05:11:02+00:00In: Class 12 Economics

What is MRT means from Class 12 macroeconomics?

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I am in class 12th from Arts stream. for year 2022-2022. While doing self preparation I found this question in my class 12th NCERT solutions book. Among practice paper. I was wondering if I could get answer for this too.

class 12 economicsmacro economics class 12
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      Raktim059
      2022-03-26T11:38:49+00:00Added an answer on March 26, 2022 at 11:38 am

      For say you produce wheat and cotton in a land (Resource). To grow (Produce) additional amount of wheat, you sacrifice the production of cotton. And used the land to produce wheat. The unit of cotton is been sacrificed to produce additional units Wheat. The Ratio of unit is known as Marginal Rate of Transformation (MRT).

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