Customer Service Chat
Get quote & make Payment
Difference between productive and allocative efficiency, Macroeconomics
Explain the difference between productive and allocative ( economic ) efficiency.
Explanation of productive efficiency, e.g. output at AC minimum
Define to the effect that this shows that all factors (fixed and variable) are being utilised to the utmost efficiency when average costs are at the lowest point
Definition of allocative efficiency, e.g. P = MC
Explanation that allocative efficiency means that welfare is maximised - the firm is producing the last possible unit since the market price means that there is a demand for it at that price
illustrating both concepts using a unit cost picture (PCM)
Posted Date: 7/11/2013 5:23:49 AM | Location : United States
Ask an Expert
Difference between productive and allocative efficiency, Assignment Help, Ask Question on Difference between productive and allocative efficiency, Get Answer, Expert's Help, Difference between productive and allocative efficiency Discussions
Write discussion on Difference between productive and allocative efficiency
Your posts are moderated
Write your message here..
Velocity and the quantity equation, when the income velocity of circulation...
when the income velocity of circulation (V) rises, why does the economy''s total output must rise?
Variables are discrete, Which of these variables are discrete and which are...
Which of these variables are discrete and which are continuous random variables? a) The number of new accounts established by a salesperson in a year. b) The time between customer
Household production, Assume two individuals, A and B, are considering marr...
Assume two individuals, A and B, are considering marriage, and each face the same amount of hours a week to be split between market-labor and home-labor. Assume that A can make $2
What is the value of the swap in terms of both bonds and fra, Suppose that ...
Suppose that the yield curve is flat at 5% per annum with continuous compounding. A swap with a notional principal of $100 million in which 6% is received and six-month LIBOR is pa
Cost reduction, Cost Reduction Positive measures to effect a lowering o...
Cost Reduction Positive measures to effect a lowering of costs include: reducing national insurance contributions (an ad valorem tax on employing labor);
Fiscal policy and budget, Fiscal policy is the program of government’s with...
Fiscal policy is the program of government’s with respect to the amount and composition of (i) expenditure: the purchase of commodities and services, and spending in the form of su
Full economic price of this legislation, From California to New York, legis...
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 mill
Government can finance its budget deficit, A government can finance its bud...
A government can finance its budget deficit by doing all of the following except: A. borrowing from its central bank. B. printing money. C. selling bonds. D. buying bonds.
Evaluate nominal wages, Q. Evaluate Nominal wages? Nominal wages ...
Q. Evaluate Nominal wages? Nominal wages W = (W/P).P The nominal wage is equal to the real wage times the price level. Because the real wag
Fiscal policy have occurred, What were the key provisions of the economic s...
What were the key provisions of the economic stimulus bill passed by congress in February 2008? What further changes in fiscal policy have occurred since this time?
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
Why Us ?
~24x7 hrs Support
~Quality of Work
~Time on Delivery
~Privacy of Work
Human Resource Management
Literature Review Writing Help
Terms & Conditions
Copyright by ExpertsMind IT Educational Pvt. Ltd.