Marginal rate of transformation (MRT) is

the units of one good a consumer gives up for one more unit of the otherCorrect answerYour answerthe units of one good given up to produce one more unit of the otherCorrect answerYour answerthe change in total output from one more workerCorrect answerYour answerthe ratio of the prices of two goodsCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

MRT = ΔY ÷ ΔX: what production of Y is sacrificed for an extra unit of X.
It is the slope of the PPC.

Worth noting

The consumer's version, about giving up consumption, is the MRS.

Concept: Meaning of MRT
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsOpportunity cost and MRT

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Marginal rate of transformation (MRT) is

Explanation