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Intro to allocative efficiency, marginal cost, and the MC curve
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Intro to allocative efficiency, marginal cost, and the MC curve
14:52
About this lesson
- Allocative Efficiency
- Defining Marginal Cost
- Creating the Marginal Cost Curve
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Video 1 of 7
Intro to allocative efficiency, marginal cost, and the MC curve
15 min
• Selected
Understanding marginal benefit and graphing the MB curve
4 min
Finding allocative efficiency where marginal benefit equals marginal cost
9 min
Graphing the PPF and marginal cost curve of food from a table
5 min
Graphing a PPF and marginal cost curve for pops and bananas
5 min
Graphing the marginal benefit curve from a willingness to pay table
2 min
Finding allocative efficiency of fruits using marginal cost and benefit
5 min