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The Chain-rule is used to differentiate a function of a function. Running through an example:Let's say want to differentiate the function y = (2x+1)^3. We can substitute a variable, w, in order to differe...
An externality is a positive or a negative effect experienced by a third-party to an economic transaction. In production for example, an externality would occur when there is a difference in the marginal ...
Give each equation a label:(1) 2x+y=6(2) 3x+2y=3Multiply one equation to make the number of x's or y's the same in each equation. 2 X (1) : 2(2x+y=6) 4x+2y=12 (2) 3x+2y=3There are now 2y's in each equatio...
Alkanes are non-polar so only have London forces between them. These intermolecular bonds are weak, and easily overcome with little energy. This means that alkanes have a low boiling point hence they are ...
The labour market is a factor market, which is a market where the factors of production are traded. The supply of labour comes from the pool of economically active citizens who want to be employed. Labour...
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