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Economics MCQs – Certification Test 79

Production Possibility Frontier with Increasing Costs MCQ (Question 79) – App & e-Book Download

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MCQ 79: The amount of a good that a consumer is willing to give up for another good, as long as the new good is equally satisfying is known as:

  1. marginal rate of transformation
  2. marginal rate of technical substitution
  3. marginal rate of substitution
  4. marginal opportunity costs

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