File:Economics productive and allocative efficiency.jpg
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Summary
| Description |
English: Productive efficiency means it is impossible to produce more of one good without decreasing the quantity that is produced of another good. Thus, all choices along a given PPF like B, C, and D display productive efficiency, but R does not. Allocative efficiency means that the particular mix of goods being produced—that is, the specific choice along the production possibilities frontier—represents the allocation that society most desires. |
| Date | |
| Source | https://openstax.org/details/books/principles-microeconomics (CNX_Econ_C02_011.jpg) |
| Author | OpenStax College |
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 19:57, 4 September 2017 | | 390 × 313 (48 KB) | Dave Braunschweig | User created page with UploadWizard |
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