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What is the difference between the short run and long run?

The short run and long run is not determined by a set period of time, but rather by which factors of production are fixed. In the short run, at least one factor of output is fixed. Whereas in the long run, n...
ZC
Answered by Zoe C. • Economics tutor
3952 Views

I can't fit everything I've done into my personal statement. What should I do?

The university staff reading your personal statement will be looking for a really strong interest in your subject and some evidence that you have pursued interests beyond just your classes in school. Think a...
JM
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Find the gradient of y=6x^3+2x^2 at (1,1)

In order to find the gradient of the curve at (1,1), we must first differentiate the equation of the curve. To do this, multiply the coefficient of x by the power of that same x. Then subtract one from the p...
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Answered by Ben B. • Maths tutor
5727 Views

Explain how interest rates could be used to stimulate a rise in inflation.

Interest rates, which represent the cost of borrowing money and the returns from saving it, are used by central banks to control the level of inflation. If the central bank wants to increase inflation, it wi...
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Answered by Ben B. • Economics tutor
4034 Views

A is the point with coordinates (1, 3) B is the point with coordinates (–2, –1) The line L has equation 3y = 4 – 2x Is line L parallel to AB?

No it is not parallel, here is the reasoning. First we work out the gradient of the line AB. We do this by using the gradient formula (Y2-Y1)/(X2-X1). Our points are A=(1,3) rewritten as (X1,Y1) and B=(-2,-1...
EL
Answered by Emily L. • Maths tutor
13804 Views