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What are the assumptions of perfect competition?

Large number of firms and consumersEach firm is a price-taker and hence has no price setting powerThe price is determined in the market by supply and demandProducts are homogenous and are therefore perfec...

EB
Answered by Emily B. Economics tutor
1940 Views

How many roots does the equation x^2 = x + 12 have and what are they?

x2 -x -12 = 0. Here we have rearranged the equation so that we have 0 on one side of the equation, allowing us to now factorise. (x - ...

JE
Answered by Juzer E. Maths tutor
3979 Views

What is "Point-Evidence-Explanation (PEE)"?

"Point-Evidence-Explanation" is the basic structure that all good essay answers should follow. First you have the POINT, the argument that you want to make about a particular book, character, pa...

VS
9508 Views

Explain why an object moving around a circle is said to be accelerating when it has no resultant force acting upon it.

If an object has no resultant force acting upon it then it is moving at a constant speed. Acceleration is a vector quantity meaning that it includes magnitude and direction. When it is moving around a cir...

HO
Answered by Henry O. Physics tutor
1880 Views

Find the gradient of the line Y = X^3 + X + 6 when X = 4

Step 1: Differentiate the equation Y = X^3 + X + 6 to find the gradient of the line at any point. To do this, multiply each term of X by the old power and -1 from that power. This makes dy/dx = 3X^2 + 1.S...

HO
Answered by Henry O. Maths tutor
3402 Views

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