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Using real life examples, explain the differences between the different market structures.

There a four types of market structures. A monopoly is where one firm dominates the market, it is characterised by high entry and exit barriers, high sunk costs and a possibility for supernormal profits. An ...
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Answered by Fiyin A. Economics tutor
16141 Views

Define economics of scale and explain them 2 examples

Economies of scale are when firms experience a fall in long run average costs due to the growth of the size of the company. Firstly an example is financial economies of scale. This is when a company can borr...
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Answered by Sophie W. Economics tutor
2999 Views

How do I remember all the formulas I will need for questions.

It is difficult to remember formulas, especially when they are similar and easy to confuse. Some methods of remembering the many formulas needed for physics and maths are to recite them, to do a lot of pract...
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Answered by Elizabeth S. Physics tutor
2643 Views

Solve for 0 =< x =< 360 16/(cos(x+25)+1) = 10, give answers to 2 d.p.

Rearrange to get cos(x+25) = 0.6 Use inverse cosine to get (x+25) = -53.13... 53.13... 306.86... 413.13... Isolate x to get x = -78.13... 28.13... 281.86... 388.13... Apply the limits and round the answers t...
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Answered by Barnaby W. Maths tutor
4584 Views

Why have you decided on X medical school?

It is important to know why the tutee has chosen one medical school over another. The tutee should have a few points on why they chose the medical school. They should follow these points with both evidence a...