# Resource efficiency

## Everything You Need in One PlaceHomework problems? Exam preparation? Trying to grasp a concept or just brushing up the basics? Our extensive help & practice library have got you covered. | ## Learn and Practice With EaseOur proven video lessons ease you through problems quickly, and you get tonnes of friendly practice on questions that trip students up on tests and finals. | ## Instant and Unlimited HelpOur personalized learning platform enables you to instantly find the exact walkthrough to your specific type of question. Activate unlimited help now! |

#### Make math click π€ and get better grades! π―Join for Free

Get the most by viewing this topic in your current grade. __Pick your course now__.

##### 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