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Explain why a profit-maximizing monopolist would never choose to operate on the inelastic portion of its demand curve

This question appears at first as counter-intuitive as one might imagine that where demand is inelastic and consumers are not responsive to a rise in price, this would be ideal for a monopoly to make a pr...

CK
Answered by Casper K. Economics tutor
22689 Views

Explain the process of translation

In short, translation is the synthesis of proteins by ribosomes in the cell. It follows after the process of transcription in which a molecule of mRNA is copied from DNA to produce a specific base sequenc...

JH
Answered by James H. Biology tutor
17747 Views

Describe the impact of the tightening of the monetary policy by the central bank on consumer spending.

Monetary policy refers to the Central Bank's action on money supply, and therefore its effect on interest rates. A tightening, therefore, refers to raised, or high interest rates, such as if the UK raised...

SB
Answered by Sophie B. Economics tutor
2232 Views

When should the pronouns "tu" or "vous be used?

The pronoun "tu" is used in informal contexts. Situations where it should be used include:

  • when you are speaking to someone in an age group close to yours

  • when...

LC
Answered by Leonie C. French tutor
1718 Views

To what extent was ideology the most important cause of WW2?

A good way of answering this question is by examining the various ideologies that played a role in WW2 and the ways in which they brought about conflict. The key ideological battles to be analysed are tho...

NW
Answered by Nathan W. History tutor
18000 Views

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