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It’s very important to understand the meaning of those two concepts and the difference between them. We could consider demand for apples in for example a small village or a shop, but when we talk about ag...

The introduction of an indirect tax increases the firm's costs of production. Therefore, as there is a change in the determinants of supply, the market supply curve shifts to the left. This results in a n...

y = -16x² + 160x - 256 

x = 5

y = 144

Strictly speaking, the derivative is the rate of change of a function, process or pattern. 

So far, to calculate the gradient of a given function we always computed the change in the y coordi...

a) We have that a₁ = 2 and a₄ = 14, so the first thing that we can conclude is that the common difference, d, is positive, and that a₂ and a₃ are in between 2 a...