See what we can offer to your school
"SimpleStudy just makes sense...”
Get the best plan for your school
10 cards from this deck
Efficiency of resource use at a specific point in time
Price equals marginal cost (P=MCP = MCP=MC)
Efficiency improvements over time via innovation & tech progress
Difference between max price willing to pay & actual price paid
Difference between min price willing to charge & actual price
Net loss of welfare when maximum total welfare fails to be reached
Achieves both productive & allocative efficiency in long run
Reduces consumer surplus by transferring it to producers
Charging each customer exactly their maximum willingness to pay
All consumer surplus is transferred to the producer
Select your subjects, and get access to A+ resources today.