tutor2u | Economic Efficiency

Study Presentations

Economic Efficiency

Level:
A Level
Board:
AQA, Edexcel, OCR, IB

Last updated 21 Mar 2021

This is an updated revision presentation on economic efficiency in markets

Students should be able to:

  • Understand and distinguish between productive and allocative efficiency
  • Know that the minimum point on the average total cost is the most productively efficient point and that allocative efficiency occurs where price is equal to marginal cost
  • Understand the meaning of inefficiency e.g. X-inefficiency

Recommended

Exam support for 2022

Online Grade Booster Courses for A-Level Exams in May & June 2022

Exam technique, advance information support, live revision and more from the tutor2u subject specialist teams

Enrol now

© 2002-2022 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.