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To start make the equation equal y.
So y = 7x+4
Then rearrange the equation to make x the subject.
Subtract 4 from both sides: y-4 = 7x
Divide by 7: (y-4)/7 = x
Now write it in te...

A stable solution is where neither player should move from their playsafe strategy, as it will only cause a decrease in profit.
Dominance is where one strategy is in every way better than another str...

Subtract the second equation from the first, giving you: 4x^2 -5x -6

Factorise the quadratic: (4x + 3)(x - 2)

x = -0.75

x= 2

Now substitute these...

Firstly we must change it into a form we can deal with. To do this we take the natural log (ln) of both sides.ln(y)=ln(a^x) ln(y)=x(ln(a))    using our rules of logsFrom here we differentiate. T...

For this we are going to test our knowledge of discriminats and factorisation. Firstly we will format the equation as (m+8)x²+8x+(m-7)=0From here we can see it takes the form ax²+bx+...