Define Moc by citing an example?
Asked by abhishek240624
26th April 2018,
11:51 AM
Answered by Expert
Answer:
MOC refers to the number of units of a commodity sacrificed to gain one additional unit of another commodity. For example if an economy produces two goods A and B. A person employed in production of A because he is able and efficient to produce that good. If the management shifts that person to the production of B good then he will not efficient enough to produce the good B. This results in productivity of B will be low and MOC will increase.
Answered by Expert
27th April 2018,
9:40 AM
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