Topic: Allocative Efficiency
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What is allocative and productive efficiency?
Allocative and productive efficiencies are theoretical concepts in economics. Allocative efficiency is achieved in an economy when the distribution or apportionment of resources produces the greatest utility for consumers through its combin... Read More »
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What is Allocational Efficiency?
A characteristic of an efficient market in which capital is allocated in a way that benefits all participants. Allocational efficiency occurs when organizations in the public and private sectors can obtain funding for the projects that wil... Read More »
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What is allocative efficiency in economics?
Allocative efficiency occurs when there is an optimal distribution of good... Read More »
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Allocative Efficiency
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Consumers better off without making other consumers worse off! ChaCha! ...MORE...
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They produce at a different point than a competitive firm, a monopoly produces at a point where marginal revenue= marginal cost, where a competitive firm equates price to marginal cost. The marginal cost curve is lower than the demand curve...
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Allocative efficiency is a situation in which the resources of a firm are alloca...
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Allocative efficiency is the efficiency with which markets are allo... ...MORE...
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"Allocative efficiency" is a theoretical measure of the benefit or utility derived from a proposed or actual selection in the allocation or allotment of resources. Source(s): http://en.wikipedia.org/wiki/Allocative_…
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Source: http://answers.yahoo.com/question/index?qid=20110609075108AArPL64
because there is no restriction on the usage of resourses so they can use according to their need.
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