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Why is profit maximising at MC=MR?

Mathematically: Profit = TR-TC Maximum profit is when the derivative of the profit function = 0 Differentiating profit: d(TR)/dX - d(TC)/dX = 0 Since the derivatives of TR and TC are MR and MC respectivel...

AP
Answered by Arjun P. Economics tutor
10908 Views

What's the difference between a eukaryotic cell and a prokaryotic cell?

Eukaryotes have a plasma membrane, nucleus, nuclear membrane, nucleolus, smooth endoplasmic reticulum, rough endoplasmic reticulum, ribosomes, mitochondria, lysosomes, peroxisomes.

Prokaryotes do n...

ED
Answered by Elena D. Biology tutor
4292 Views

What are the 4 types of schedules of reinforcement, give an example of each.

Fixed interval: The presentation of a reward after a fixed amount of time (e.g., $1 every hour) Fixed ratio: The presentation of a reward after a fixed amount of effort (e.g., $1 every 5 questions answer...

AS
9985 Views

Explain what is meant by 'operant conditioning'.

Operant conditioning is where one is able to change the behaviour of another person or animal using reinforcement and punishment. The term was used by Skinner (1938) who demonstrated that when rats are po...

LW
Answered by Lowri W. Psychology tutor
6382 Views

Is rule utilitarianism a better form of ethical decision making than act utilitarianism?

The decision rule with act utilitarianism is ‘perform the action that results in the maximum sum of utility from those available when making the decision’. By contrast rule utilitarianism offers the revis...

JM
Answered by Joe M. Philosophy tutor
17853 Views

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