Efficiency - A2 Economics OCR

All the types of efficiency that are relevant to the A2 Transport exam. 

P - price 

MC - marginal cost 

MR - marginal revenue 

AC - average cost 

AR - average revenue 

Teacher recommended

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  • Created by: Jade
  • Created on: 01-12-12 11:37
F T J G O E F B M V D E J O B I F
O B N G T S I C P X Q M G J S K S
Q M Y X K N S I E U P X G V B A E
H T W M X J M P R E S P G I N M A
N W M K S G C B A F H S H U D V R
Y R P A S P W J H E O E A H I T Y
Q X F Q R I O Q S Q Y I P D V E F
O K U E Y J W M T K E L T L R X A
F U G C X D T U E B C O M M D S P
Y K N W O S W T K J B P Y E W I U
G B D G J F D V R N K O A X Y C H
T U S I H K M Q A W K N R J L I B
U K N A C M C V M E W O X S F S Y
W A Y Y G P M Y V I N M C X O Q E
I U X X S M L I A B K O N O K E E
S Y F T O C Y N G T H X G L J N R
M X Q E H O H Y F V P R T B Q W Y

Clues

  • Allocative efficiency does not apply to which market structure? (10)
  • Improving products helps a firm gain or at least retain ______ in the face of competition (6, 5)
  • Where does allocative efficiency occur? (3)
  • Where does productive efficiency occur? (4)

Comments

davidsalter

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A set of 10 questions on efficiency. Take a break from reading by testing yourself. Could show areas for further study.

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