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How do you calculate the net social welfare loss due to a negative externality in production?

If there exists a negative externality in the production of a good or service (eg. coal power station emitting greenhouse gases) the Marginal Social Cost (MSC) to society of producing the good will exceed...

Answered by Scott N. • Economics tutor

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What are the factors affecting Cross-Price Elasticity?

First, it is important to understand the difference between own price elasticity and cross-price elasticity.Own price elasticity concerns about the responsiveness of the the quantity

Answered by Helen C. • Economics tutor

7133 Views

What is the difference between an animal cell and a plant cell?

It's easy to tell the difference between an animal cell and a plant cell when you look at it,because a plant cell has a rigid wall around it. This keeps the cell in the right shape. An animal cell looks a...

Answered by Elizabeth O. • Biology tutor

6596 Views

How do I solve the following question. 'Find the values of x such that 2log3(x) - log3(x-2) = 2'.

How do I solve the following question. 'Find the values of x such that 2log₃(x) - log₃(x-2) = 2'.To simplify this equation in order to solve it, the first step is to simplify the 2lo...

Answered by Lauren R. • Maths tutor

15705 Views

What is the role of cilia and mucus in the lungs?

The cilia and sticky mucus work together to protect the lungs from infection, forming what is known as a mucociliary escalator. The mucus traps any bacteria or pathogens as they enter the lungs, and...

Answered by Corrina H. • Biology tutor

16971 Views