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Chapter 2 : Efficiency and Choice

Chapter 2 : Efficiency and Choice. Scrutinizing Efficiency. Cost-Benefit Analysis. Types of Efficiency. Allocative Efficiency: What should be produced?. Productive Efficiency: How should it be produced?. Distributive Efficiency: Who should get it?. Supply and Demand.

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Chapter 2 : Efficiency and Choice

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  1. Chapter 2: Efficiency and Choice

  2. Scrutinizing Efficiency

  3. Cost-Benefit Analysis

  4. Types of Efficiency

  5. Allocative Efficiency: What should be produced?

  6. Productive Efficiency: How should it be produced?

  7. Distributive Efficiency: Who should get it?

  8. Supply and Demand

  9. Expected Value Calculations

  10. Appendix

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