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\nIdentifying Allocatively Efficient Points on a Production Possibilities Diagram\n

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\nThis video is a lecture on identifying allocatively efficient points on a production possibilities diagram. The speaker explains the concept of allocative efficiency and explores various production points on the diagram and how to...\nThis video is a lecture on identifying allocatively efficient points on a production possibilities diagram. The speaker explains the concept of allocative efficiency and explores various production points on the diagram and how to determine whether they are allocatively efficient. The lecture also touches on the concept of productive efficiency and how it differs from allocative efficiency.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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7:02
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
4 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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economics, consumer goods, resources, welfare, economy
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Additional Tags

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a-level, lectures, micro, economic, problem, 1.3c, ppfs, (allocative, efficiency), productive efficiency, allocative efficiency, consumer preferences, greater understanding, optimal allocation, utility, goods, return, point, points, taking, services, producing, maximized, diagram, produce, reach, feasible, preferred, measuring, live, situated
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Classroom Considerations

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Best For: Explaining a topic
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Identifying Allocatively Efficient Points on a Production Possibilities Diagram\" href=\"/subscription/new\">\"Identifying\n\n
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