CIE A2 Economics 9708

  • Economics Notes

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wonderful notes it has really helped me out
thank you soo much!!!!!

There is a labelling mistake for the diagrams on Productive and allocative efficiency.
Productive efficiency is when a firm produces at the lowest possible cost i.e. minimum input to gain maximum output
Allocative efficiency is when the firm produces the goods/services most desired by consumers, p=mc

Loving the new look for the website. Great work 🙂

OMG you’re amazing!! Thank you so much!!! 😀

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