Distributive Efficiency Condition

Tags: #Economics #Microeconomics

Equation

$$\frac{MU_{F}}{P_{F}} = \frac{MU_{C}}{P_{C}}$$

Latex Code

                                 \frac{MU_{F}}{P_{F}} = \frac{MU_{C}}{P_{C}}

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Introduction

Equation



Latex Code

            \frac{MU_{F}}{P_{F}} = \frac{MU_{C}}{P_{C}}

Explanation

Latex code for Distributive Efficiency Condition. I will briefly introduce the notations in this formulation. Distributive efficiency is concerned with an equitable distribution of resources because of the law of diminishing marginal returns. The Law of diminishing marginal returns states that as consumption of a good increase we tend to get diminishing marginal utility.

  • : Marginal Utility of F
  • : Product of F
  • : Marginal Utility of C
  • : Product of C

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