Distributive Efficiency Condition
Tags: #Economics #MicroeconomicsEquation
$$\frac{MU_{F}}{P_{F}} = \frac{MU_{C}}{P_{C}}$$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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I'm just going to put it out there: I want to pass this test.
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