Allocative efficiency, Microeconomics

Allocative Efficiency

The production of products and services such that stages of production are closely tied to levels of customer demand.

Posted Date: 10/15/2012 2:20:16 AM | Location : United States







Related Discussions:- Allocative efficiency, Assignment Help, Ask Question on Allocative efficiency, Get Answer, Expert's Help, Allocative efficiency Discussions

Write discussion on Allocative efficiency
Your posts are moderated
Related Questions
what is the south africas governments standpoint on international trade

International Comparisons Method In the 1960s, a few developing countries of the world looked around the developed world in search of models of development. For instance, Sout

"As long as consumers are willing to pay a positive price for a good, the larger is the  quantity formed, the greater is the total surplus from trade."  Explain this statement if i

Concepts of Income and Substitution Effects:   Change in demand for a good due to one unit change in price of that good for given prices and money income is known as own price

assumption of mariss model

Compare and Contrast Classical and Neo classical theory of interest

suppose the production function is given as:X=b0Lb1Kb2,where b0=level of technology find marginal product of factors(MPL0and MPK) find factor intensity

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT: The main function of the IBRD is of long-term capital assistance to its member-countries for their reconstruction and de

Q. Explain the Post-Keynesian Economics? Post-Keynesian Economics: A modern heterodox school of economic thought that emphasizes more radical or non-neoclassical aspects of Joh

Joe is the owner-operator of Joe’s Haircuts Unlimited. Last year he earned $100,000 in total revenues and paid $65,000 to his employees and suppliers. During the course