Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy

Absolute value of the slope of the production possibilities frontier at any point : 

1
is equal to the marginal rate of transformation
2
is equal to the marginal rate of substitution
3
marginal rate of substitution is equal to marginal rate of transformation
4
marginal rate of substitution is not equal to marginal rate of substitution
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