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What is allocative equity?

Updated: 9/17/2023
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Q: What is allocative equity?
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Which of the following statements are true about productive and allocative efficiency society can achieve either productive efficiency or allocative efficiency but not simultaneously?

society can achieve either productive efficiency or allocative efficiency, but not both simultaneously


What is the difference between allocative and technical efficiency?

no difference


What does the term 'allocative efficiency' refer to?

Allocative efficiency is the concept in economics where manufacturers and service providers only produce those goods and services which are in high demand and the most desirable to the consumer.


What are the techniques of economic efficiency in health care?

allocative efficancy productive efficancy


To realize full production a society must achieve what?

Both allocative and productive efficiency


How do you achieve allocative efficiency?

Allocative efficiency is an output level where the price equals the marginal cost of production. This is because the price that consumers are willing to pay is equivalent to the marginal utility that they get. Therefore the optimal distribution is achieved when the marginal utility of the good equals the marginal cost.


What is allocative efficiency and productive efficiency?

Allocative and productive efficiencies are theoretical concepts in economics. Allocative efficiency is achieved in an economy when the distribution or apportionment of resources produces the greatest utility for consumers through its combination of products. For example, and for the sake of simplicity, envision an economy with two products: pizza and robots. In an allocatively-efficient economy, businesses are producing the right amount of each product to make consumers happy. Productive efficiency, on the other hand, is when an economy is using all of its resources efficiently, producing the greatest output for the smallest input. Productive efficiency, on a production possibility frontier, occurs on any points along the curve.


What is allocative efficiency?

It is the particular mix of goods and service most highly valued by society (minimum-cost production assumed).


Difference between equity and owner's equity?

EQUITY:- Equity is the term in which liability is introducedOwner Equity :- Owner Equity is the term in which liabilty and owner capital is introduce...it is some time called Equities....


What is net equity?

net new equity is given by the formula; new equity-old equity- addition to retained earnings


What is the singular possessive of equity?

The possessive form of the singular noun equity is equity's.


What is net new equity?

net new equity is given by the formula; new equity-old equity- addition to retained earnings