The increase in output of one good made possible by a one-unit decrease in the output of another, given the technology and factor endowments of a country; thus the absolute value of the slope of thetransformation curve.
Related information about marginal rate of transformation:
- Marginal Rate Of Transformation Definition | Investopedia
The rate at which one good must be sacrificed in order to produce a single extra unit (or marginal unit) of another good, assuming that both goods require the ...
- Production–possibility frontier - Wikipedia, the free encyclopedia
Not all points on the curve are Pareto efficient, however; only in the case where the marginal rate of transformation is equal to all consumers' marginal rate of ...
- What is marginal rate of transformation? - BusinessDictionary.com
Definition of marginal rate of transformation: Rate at which a producer is able to substitute a small amount of one input-variable for a small amount of another.
- Marginal Rate Of Transformation: Definition from Answers.com
Marginal Rate Of Transformation The rate at which one good must be sacrificed in order to produce a single extra unit (or marginal unit) of another good,
- Production and Production Possibilities
The diagram below defines the slope of this same PPF at any given point. This slope, is known as the Marginal Rate of Transformation (MRT), is a measure of ...
- What is marginal rate of transformation? - InvestorWords.com
Definition of marginal rate of transformation: The increase in output of one good made possible by a one-unit decrease in the output of another, given the ...
- Dr. T's EconLinks.com: Glossary: Marginal Rate of Transformation
The marginal rate of transformation is the absolute value of the slope of the production possibilities frontier. It measures the opportunity cost of producing one ...
- What is MARGINAL RATE OF TRANSFORMATION? definition of ...
Definition of MARGINAL RATE OF TRANSFORMATION: Producer's substitution rate of a small input variable's amount for another small input variable's amount.