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My Process cycle efficiency (PCE) for our emergency department project after calculation isbe 47.54%. As you have written between 10% to 20% is termed âGoodâ.
Efficiency is when a market that is guided by the invisible hand is able to capture all of the possible consumer and producer surplus. When all surplus is realized it is then â¦ that we can say a market is efficient. However, efficiency is not the only goal of an economic policy maker.