Explain why perfect competition might be expected to result in an allocation of resources which is both productively and allocatively efficient. (20 Marks) Perfect competition can be used as a yardstick to compare with other market structures because it displays high levels of economic efficiency. Allocative efficiency occurs when there is an optimal distribution of goods and services. This involves taking into account consumer’s preferences. In both the short run and the long run in perfect
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The North American Non-Knowledge Based Clinical Decision Support System (CDSS) market report defines and segments the market in North America with analysis and forecast of revenue. The Knowledge-based/evidence-based CDSS market in North America is expected to reach around $20.0 million by 2018‚ at a CAGR of 2.1% from 2013 to 2018. Browse through the TOC of the North American non-knowledge based clinical decision support system (CDSS) market‚ to get an idea of the in-depth analysis provided. This
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Using material from item A and elsewhere‚ assess the view that the education system exists mainly to select and prepare young people for their future work roles. (20 marks) Some people believe that the education system exists mainly to select and prepare younger people for their future work roles. Item A agrees with this idea as it says that education teaches people to perform “a vital role in modern societies”‚ while family life gives people the ability to play a role as a “functioning member
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Writing task 2 The percentage of overweight children in western society has increased by almost 20% in last ten years. Discuss the possible causes and effects of this disturbing trend and offer a solution. In modern life‚ the number of obese people in developed countries is increasing rapidly. More seriously‚ the majority of this problem is children. Some people think the rise of fast-food outlets is the main cause of the overweight children. But others think that the reason is due to the apathy
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Some call the 1920s the roaring 20s. I personally think so because the war had just ended and many soldiers are coming back. People started businesses and were doing quite well therefore the people have money to spend. The 1920s was also a time for new inventions and technology‚ such as the invention of the assembly line‚ which made production much cheaper and quicker. Another reason why the 20s was in the upswing is because people had money and many invested in the stock market bringing the economy
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An analysis of a story in Three Versions: Jesus Drives out a Demon and Heals a Person (Matthew 12:22-32//Mark 3:20-30//Luke 11:14-23) Introduction I find it fascinating but also a bit confusing that the bible has more than one account of similar stories. The versions are alike yet have obvious differences as well. How can we explain these discrepancies? Do we need to? It is understandable to me why people have trouble sorting through the different versions‚ in the hopes of finding the truth
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[pic] HBH324N Managing Workplace Relations Sem 1‚ 2013 Individual Essay Question 8 Section 20‚ Industrial Relations Act 1967 protects workmen in Malaysia from unfair dismissal. To what extent do you agree? Support your arguments with relevant recent cases. Wilson Ung Yu Siong 4225503 Lecturer & Tutor: Dr. Balakrishnan Muniapan Abstract This paper will be offering an overview of rights of an employee while encountering unfair dismissal by the company within the
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MARKETING ASSIGNMENT Integrated marketing communications is a core strategic activity used to build and sustain profitable relationships with various stakeholders. Customers are a critical target but other audiences such as buyers‚ designers‚ retailers‚ sales assistants‚ suppliers‚ etc…. are also important if an organisation is to achieve its sales and marketing objectives. MARKETING COMMUNICATIONS Marketing communications is about the promotion of a company and the product offered to the
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Abstract: The importance of this computerized simulation study was to gain an understanding of the processes that account for the movement of substances across the plasma membrane‚ and to indicate the driving force for each. This may also be applied to the study of transport mechanisms in living membrane-bounded cells. Also‚ understanding of which way substances will move passively through a deferentially permeable membrane depending on the concentration differences. We used PhysioEx software to
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concentration. 3. Which of the following dialysis membranes has the largest pore size? Your answer : a. 20 MWCO Correct answer: d. 200 MWCO 4. Avogadro’s number is a constant for the number of You correctly answered: b. molecules. 08/30/14 page 1 Experiment Results Predict Question: Predict Question 1: The molecular weight of urea is 60.07. Do you think urea will diffuse through the 20 MWCO membrane? Your answer : c. No‚ not at all. Predict Question 2: Recall that glucose is a monosaccharide‚
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