SHSubjectHub

Productive and allocative efficiency

Edexcel 9EB0T4-1eA-levelLesson packSubscription
Also online

This worksheet marks itself

Set it as homework or classwork and every answer is marked as pupils go, with feedback on what they got wrong. The scores go straight into your mark book, so you can see who needs help before the next lesson.

  • 10 questions
  • 44 marks
  • about 55 minutes
  • marked instantly

Question types: multiple choice, short answer, fill the gap, true or false, matching.

Try it with a class, freeHow it works

Try one from this worksheet

Which of the following statements correctly distinguishes productive efficiency from allocative efficiency?

Pick an answer: it's marked straight away, just as your pupils would see it.

About this resource

Edexcel Economics B (9EB0) Theme 4 'Making markets work' (Paper 1), Unit T4-1 'Competition and market power' — spec ref 4.1.5. Productive efficiency (producing at the lowest possible average cost, at the bottom of the AC curve / minimum efficient scale, with no waste); allocative efficiency (reso…

22 slides.

Lesson outline

  1. Do Now — Retrieval
  2. Hinge Check — What Does 'At the Margin' Mean Here?
  3. Productive Efficiency
  4. Hinge Check — Is More Output Always More Efficient?
  5. Allocative Efficiency
  6. Reading the Allocative Efficiency Diagram
  7. Hinge Check — Reading the Diagram
  8. The Margin, Opportunity Cost and Trade-offs
  9. Hinge Check — What Is the Opportunity Cost?
  10. Guided Practice — Productive or Allocative Efficiency?
  11. Competition and Efficiency
  12. Hinge Check — What Risk Does a Local Monopoly Create?
Unit bundleTheme 4 · Making markets work
Part of: Theme 4 · Making markets work: the whole unitEvery resource in the unit in one zip.

More from Theme 4 · Making markets work