The assumptions of perfect competition (among both sellers and buyers) lead to an equilibrium price and quantity that cannot be improved in terms of allocating resources.

I have created a FlockDraw chart to help explain this, here.
In perfect competition, all buyers have equal access to the same technologies, no barriers to entry, and no market power. Likewise, all consumers have equal access to information and no market power. Externalities and other market failures do not exist. Under these conditions, the is efficient, or optimal. No other market outcome will improve society’s overall well-being, as measured by the sum of producer and consumer surplus.
In the chart, the height of the demand curve is a proxy for the marginal social benefit — the value that the marginal buyer attaches to the consumption of the next unit. Likewise, the supply curve is a proxy for the marginal social cost — the value of the resources used to produce the next unit.
At equilibrium, the marginal social benefit equals the marginal social cost. Producing and consuming one unit less than the market equilibrium would reduce overall benefit by the marginal social benefit minus the marginal social cost. Since, to the left of equilibrium, marginal social benefit is higher than marginal social cost, this would reduce overall benefit. In other words, we could conserve resources by reducing production and consumption, but we would give up more in benefits than we would save in costs.
Likewise, producing and consuming one unit more than the market equilibrium would also reduce overall benefit. To the right of the equilibrium, marginal social benefit is lower than marginal social cost. In other words, we could produce and consume more than we do at equilibrium, but the marginal benefits of doing so would not be worth the additional cost.
This is the “classical economics” explanation of efficiency. Please note that it depends on some heroic assumptions that are almost never matched in reality. Note also that economics has a utilitarian bias, if you are using this to make a normative argument.

Assignment 1: Discussion?Facilities ManagementA critical element of a company?s operations management strategy is the efficient management and location of the company?s facilities. To take advantage of lower labor rates or easy access to raw materials and resources, several companies in the U.S. and Europe have looked to offshore operations including manufacturing, design, and customer service in low cost regions of the world such as China, India, Eastern Europe, or Southeast Asia. In recent years, there are indications that some companies are looking to reverse the offshoring trend. For example, from the end of 2102 and through 2013, GE moved manufacturing of appliances from China to Kentucky, and Lenovo opened a design center in North Carolina.Using the module readings, the Argosy University online library resources, and the Internet, research a company with global operations. Based on your research, respond to the following:Briefly describe the company?s strategy with respect to regional location of its facilities for manufacturing, design, research and development, marketing, and customer service.How has the company?s strategy evolved with respect to global location of facilities?What challenges is the company facing in the current environment?How can the company be more efficient in how it manages the global location of facilities in response to these challenges?ByÿSaturday, February 11, 2017, post your responses to the appropriateÿDiscussion Area. ThroughÿWednesday, February 15, 2017, comment on at least two of your peers? responses.Write your initial response in 300?500 words. Your response should be thorough and address all components of the discussion question in detail, include citations of all sources, where needed, according to the APA Style, and demonstrate accurate spelling, grammar, and punctuationDo the following when responding to your peers:Read your peers? answers.Provide substantive comments bycontributing new, relevant information from course readings, Web sites, or other sources;building on the remarks or questions of others; orsharing practical examples of key concepts from your professional or personal experiencesRespond to feedback on your posting and provide feedback to other students on their ideas.Make sure your writingis clear, concise, and organized;demonstrates ethical scholarship in accurate representation and attribution of sources; anddisplays accurate spelling, grammar, and punctuation.Grading Criteria

In two pagesAnswer each question seperatly (the questions are not linked to each other) APA Style.1.ÿÿÿÿÿ ÿ ÿ ÿ ÿ ÿ1. ÿ ÿInformation systems cannot solve some business problems. Give three examples and explain why technology cannot ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿhelp?2.ÿ ÿ ÿ ÿ ÿ ÿ ÿ ÿ 2 ÿ. ÿ ÿwhat major trends are occurring in software? Whatÿcapabilities do you expect to see in future ÿ ÿ ÿ ÿ ÿ softwareÿpackages?ÿHow do the different roles of system software andÿapplication software affect you as a business e ÿ ÿ ÿ ÿ ÿ ÿ ÿ end user?ÿHow do you see this changing in the future?3.ÿÿÿÿÿ The insatiable demand for everything wireless, video,ÿand Web-enabled everywhere will be the driving force behind developments in telecommunications, networking,ÿand computing technologies for the foreseeable future. Do you agree or disagree? Why? Justify and support your answer.4.ÿÿÿÿÿ Discuss What are the most important HR applications a company should offer to its employees via a Web-based system? Why?5.ÿÿÿÿÿ Whatÿare the differences in approach that should be consider when implementing information assurance/ information security principles to the private versus public sector? What regulations or laws currently drive the incorporation of information security in a private organization? In your opinion, has the importance or emphasis on information security increased or remained the same in the organization you work for? Why do you think this has happened?6.ÿÿÿÿÿ Isÿit legal to “use” an unprotected wireless access point that you discover in a public area? Is it ethical to use it? Hypothetically, if you were at an event and your computer detected a wireless networkÿwhich was not protected and that was not sponsored by the event or its organizers, would you use it?ÿJustify your answer based onÿlegal and security regulations, not personal opinion.7.ÿÿÿÿÿ Review scholarly articles and reputable resources and discuss what are the latest technology for intrusion detection and prevention. Please identify/list ÿyour references/resources.8.ÿÿÿÿÿ How should a business store, access, and distribute data and information about its internal operations and external environment?What role does database management play in managing data as a business resource?

The practice of health care providers at all levels brings you into contact with people from a variety of faiths. This calls for knowledge and understanding of a diversity of faith expressions; for the purpose of this course, the focus will be on the Christian worldview.,Health care providers at all levels brings you into contact with people,The practice of health care providers at all levels brings you into contact with people from a variety of faiths. This calls for knowledge and understanding of a diversity of faith expressions; for the purpose of this course, the focus will be on the Christian worldview.,Based on “Case Study: End of Life Decisions,” the Christian worldview, and the worldview questions presented in the required topic study materials you will complete an ethical analysis of George’s situation and his decision from the perspective of the Christian worldview., ,Provide a 1,500-2,000-word ethical analysis while answering the following questions:,Firstly, How would George interpret his suffering in light of the Christian narrative, with an emphasis on the fallenness of the world?,Secondly, How would George interpret his suffering in light of the Christian narrative, with an emphasis on the ,hope of resurrection?,Thirdly, As George contemplates life with amyotrophic lateral sclerosis (ALS), how would the Christian worldview inform his view about the value of his life as a person?,Fourthly, What sorts of values and considerations would the Christian worldview focus on in deliberating about whether or not George should opt for euthanasia?,Further, Based on the values and considerations above, what options would be morally justified in the Christian worldview for George and why?,Additionally, Based on your worldview, what decision would you make if you were in George’s situation?,Remember to support your responses with the topic study materials.,Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is required.,This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.,You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.