Competition leads to a more efficient use of resources. Discuss. The word “efficiency”‚ in economists’ dictionary‚ is often interpreted into the degree of an economy allocates scarce resources to meet the needs and wants of consumers. As we can see that a free market economy is the one in which resources are allocated based on the principle of self-interests. Where there are profits‚ there are firms‚ and where there are firms to produce identical goods and services‚ inevitably‚ there is competition
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$162‚900. If the firm develops a cash shortage by the end of the month‚ sufficient cash is borrowed to cover the shortage. Any cash borrowed is repaid one month later‚ as is the interest due. The interest rate is 12 percent per annum. Required: Prepare a monthly operating budget for the first quarter with the following schedules: 1. Sales budget 2. Production budget 3. Direct materials purchases budget 4. Direct labor budget 5. Overhead budget 6. Selling and administrative expense
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provide endless amounts of opportunities for all people. What kind of activity does the student in Penang Matriculation College spent the most during leisure time? There are two types of activity which involve among students. Some students would prefer for indoor activity while the others choose outdoor activity. Indoor activity is an activity that intended for use in the interior of a building such as reading story books‚ online and playing games. Outdoor activity is an activity that located to the open
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assessment of the impact of land use characteristics on residential choice making: Implication to urban transit planning in Port Harcourt‚ Nigeria. SURV (DR) chima OGBA DR inah OKON Geoid & Envt’l Services Ltd Geography/Regional Planning #11 Owuchekwa Str‚ Rumuomasi‚ University of Calabar‚ Port Harcourt‚ Rivers State PMB 1115 Calabar‚ CRS. chimaogba@yahoo.com inah.okon@yahoo.com 2348039675438 2348034126049 Key words: Land use‚ residential choice making‚ urban
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THE USE OF GROUP WORK IN IMPROVING PUPILS’ PARTICIPATION DURING MATHEMATICS LESSONS By Amy Lau Mee Ling <amylau87@yahoo.com> ABSTRACT Group learning is a kind of social interaction where the pupils can learn from their peers. From my experience‚ pupils seldom involved themselves with each other in learning Mathematics. Therefore‚ I pursue a research that can help me to increase my Year 3 Kemboja pupils’ involvement in learning Mathematics by doing group work. The respondents
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Arban Gjonbibaj Management’s focus areas during current business environment Construction cutbacks and unemployment across many major U.S. industries has shaken consumer confidence‚ and has caused many construction-related businesses to flounder. Commercial and residential contractors who have built up their firms through years of hard work are facing the most severe recession in decades. For some‚ the threat is not only to their present business prospects‚ but their firms’ very survival. It’s important
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yet. What would you do? The Makah Indians and the Umatilla Indians had to hunt for their food. They also had to build their homes using the resources their environment provided to them. Some wore lots of clothing‚ while the other wore little to none. Body 1 - Food The Makah and the Umatilla used their environment in different ways to provide food for their village. From the encyclopedia‚ page 1209‚ paragraph 2‚ the text states “The centerpiece of the
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Change and Human Health‚ a special section of World Resources 1998-99 in this report describes how preventable illnesses and premature deaths are still occurring in very large numbers. If vast improvements are made in human health‚ millions of people will be living longer‚ healthier lives than ever before. In these poorest regions of the world an estimated one in five children will not live to see their fifth birthday‚ primarily because of environment-related diseases. Eleven million children die worldwide
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Tips in Preparing for EXAMINATIONS.. 1) Look after yourself - Try to be well rested and well nourished in preparation for exams. "Drink plenty of fluids‚ eat a good healthy breakfast‚" advises Professor Sarah Moore‚ co-author of The Ultimate Study Skills Handbook. "The fresher and more energetic you feel‚ the more it will support your ability to tackle the cognitive challenges." 2) Plan your work - Some people concentrate better at night‚ others prefer to be up with the larks. Stick to
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hide safe‚ contacting family and loved ones and gathering supplies‚ you can be sure to survive in the most dangerous conditions that a bad weather can offer. Staying safe during storm is the most important thing to think about during any stormy situation. It is always a bad idea to stay outside the safe area or house during a dangerous storm. Been exposed outside creates a big risk to you life. Is not that a lighting is going to hit you‚ but a lighting might hit a tree and that tree could fall
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