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(this would usually be an hour long essay question therefore for these purposes I shall focus on 2 points rather than the 5 I would usually recommend students to write using the VSPFG (voice, space, p...
y=x^x, taking natural log of both sidesln(y)=ln(x^x), using laws of logsln(y)=xln(x), using product rule and implicit differentiationdy/dx 1/y=ln(x)+1dy/dx=(ln(x)+1)ydy/dx=(l...
Internal economies of scale are centred around the relationship of a firm increasing its factors of production ie. its inputs and how this affects the average cost of producing goods. The general concept ...
The multipler effect is when an additional increase in aggregate demand can cause a greater final impact on national income (GDP) than the inital size of the injection, with the multipler being a coeffici...
consider the discriminant b2-4ac 82-4x1x17 64-68=-4 discriminant is below 0, there are no real roots therefore x2 - 8x +17 <0
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