Allocative Efficiency Calculator calculator can be used to determine how well resources are allocated by comparing marginal benefit to marginal cost.
Learn how to use the Allocative Efficiency Calculator calculator and its working principles
Allocative efficiency occurs when resources are distributed in a way that maximizes the total net benefit to society. It is achieved when the marginal benefit of a good or service equals its marginal cost.
An allocative efficiency of 100% indicates that resources are perfectly allocated, meaning the marginal benefit equals the marginal cost. A percentage below 100% suggests that resources are not optimally allocated, and a percentage above 100% indicates an over-allocation of resources.