Question 57
MediumOriginal questionThe table shows an economy's production possibilities.
| Combination | Wheat (tonnes) | Cloth (lakh m) |
|---|---|---|
| A | 0 | 20 |
| B | 1 | 18 |
| C | 2 | 15 |
| D | 3 | 11 |
| E | 4 | 6 |
What is the marginal rate of transformation when the economy moves from C to D?
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
From C to D wheat rises from 2 to 3 tonnes (ΔX = 1) and cloth falls from 15 to 11 (ΔY = 4).
MRT = 4 ÷ 1 = 4 lakh m of cloth per tonne of wheat.
Worth noting
3 is the MRT from B to C; 11 is the cloth left at D, not the cloth given up.
- Concept
- MRT from a production schedule
- Typical timeTypical
- 70 s
- Your timeYours
- —
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