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When the mix of goods and services produced is just what society desires, then __________ exists?

User Lofte
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The answer is "allocative efficiency".

Allocative efficiency is a condition of the economy in which good produced speaks to buyer inclinations; specifically, every good or service is delivered up to the point where the last unit gives a negligible advantage to buyers equivalent to the peripheral cost of producing. Allocative efficiency happens where cost is equivalent to marginal cost that is ( P=MC), in light of the fact that cost is society's proportion of relative worth of an item at the margin or its marginal benefit.

User Berit Larsen
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