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The easiest way to find the point of intersection between two lines is to use simultaneous equations. Begin by setting y=y or x=x. In this case we will be setting y=y, in order to do this you must manipul...

There are four fundamental assumptions which must all be satisfied:
There must be many buyers and sellers in the market and they all have to be price takers. That is to say, none of them are large en...

Start by converting these mixed numbers into top-heavy fractions: 3 and 1/2 becomes 7/2 (3x2=6; 6+1=7)2 and 4/5 becomes 14/5 (2x5=10; 10+4=14)Then use the 'KFC' formula - 'Keep it, flip it, calculate it':...

Price elasticity of demand is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price chang...

So you have the following: ((1/3)(c^2))^3 which can be rewritten as:((1/3)(c^2))x((1/3)(c^2))x((1/3)(c^2)) at which point it becomes easier to simplify:= (1/3)x(1/3)x(1/3)xc^(2+2+2)= (1/27)c^6