miÂ·croÂ·drip. In intravenous therapy, an infusion system that delivers 60 drops/mL that is used when small volumes are being delivered (e.g., less than 50 mL/hour); this reduces the risk of blood clotting in the intravenous line due to slow infusion rates. When using the microdrip system, the IV drip calculation is thus: drops/minute = mL/hour.
A primary responsibility of the Office of Sponsored Projects is to insure that all costs charged to the sponsored research award are allowable and allocable. A determination of allowability and allocability for a given cost is based on the specific guidelines of the sponsoring agency and according to federal cost principles.
Free markets iterate towards higher levels of allocative efficiency, aligning the marginal cost of production with the marginal benefit for consumers. Explain resource allocation in terms of consumer and producer surplus and market equilibrium. Allocative efficiency occurs where a good or service's marginal benefit is equal to its marginal cost. At this point the social surplus is maximized with no deadweight loss.