# Resource efficiency

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##### Intros

###### Lessons

**Resource Efficiency Overview:**__PPF and Marginal Cost__- Allocative Efficiency
- Defining Marginal Cost
- Creating the Marginal Cost Curve

__Marginal Benefit__- Benefit received from one additional unit
- Willingness to Pay
- Cannot be derived from PPF

__Finding the Allocative Efficiency__- MB = MC
- An example of Finding Allocative Efficiency

##### Examples

###### Lessons

**Finding the Marginal Cost Curve**

Using the table given, find the PPF and graph the marginal cost curve of food.

Food

Drinks

6

0

4

4

2

7

0

9

- Using the following information given, graph the PPF and graph the marginal cost curve of bananas

Pops (per day)

Bananas (per day)

18

0

15

2

11

4

6

6

0

8

**Graphing the Marginal Benefit Curve**

Using the following information given, graph the marginal benefit curve.

Chocolate

Willingness to Pay

0

12

1

10

2

8

3

6

4

4

**Finding the Allocative Efficiency**

Find the allocative efficiency of fruits when given the following information

Candy

Fruits

0

4

2

3

5

2

8

1

12

0

Fruits

Willingness to Pay

0

12

1

10

2

8

3

6

4

4