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What is the effect on marginal rate of transformation when we move downwards along a production possibility curve?

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Question

What is the effect on marginal rate of transformation when we move downwards along a production possibility curve?

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Solution

Marginal Rate of Transformation increase while we move downwards along a production possibility curve (PPC).

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Chapter 1: Introduction - OBJECTIVE QUESTIONS [Page 1.43]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 1 Introduction
OBJECTIVE QUESTIONS | Q 45. | Page 1.43
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