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Why does a firm with a monopoly set price to be equal to marginal cost?

First, is important to note that a firm that has a monopoly has the ability to set its own price since there is no other competitors in the market. In addition, in economics, we typically assume that all fir...
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Answered by Robert D. • Economics tutor
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How should I structure a response? (For example, 'Explain the thought experiment of Mary and the black-and-white room')

The first priority when answering any question, especially in philosophy and exams with limited time, is to look directly at what the question requires you to do, in the case of the example above, explain . ...
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Describe and explain the reactivity trend of the Group 2 elements

The group 2 elements become more reactive down the group. This is because the atomic radius increases down the group as there are more energy levels. There is also more shielding from inner energy levels goi...
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Answered by Libby E. • Chemistry tutor
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State and explain the tests necessary to positively identify an unknown sample as copper carbonate

If portion of the unknown were to be placed in a blue Bunsen flame, a green-blue flame would appear. This indicates the presence of copper. If a portion of the unknown were to be added to dilute hydrochloric...
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Answered by Matthew S. • Chemistry tutor
7831 Views

How do I work out the magnification of an image?

For these types of questions, start by writing out the equation for magnification: Magnification = (size of image) / (size of real object). Then, find the values given in the question that can be plugged int...
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Answered by Chloe R. • Biology tutor
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