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Marginal rate of transformation |
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Marginal rate of transformationThe 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 the transformation curve.Similar MatchesTransformation curveTransformation curveSame as production possibility frontier. The name comes from the idea that, by devoting resources to producing one good instead of another, it is as though one good is being transformed into another. TransformationTransformationA major organizational change from the present state to a new/preferred state in which CQI flourishes. The primary steps involved in moving an organization through a transformation are present state, unfreezing, transition period, refreezing, and new/preferred state. |
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