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The average revenue curve for a perfectly competitive firm is horizontal due to the fact that it faces perfectly elastic demand at the market determined price. This is because there is a significant amoun...

We know thst the binomial expansion formula is (1+x)ⁿ = 1+nx +(n)(n-1)(x²)/2! ...etc

Thus we want to rearrange the expression we are given into the form (1+x)ⁿ so t...

Also known as MNCs (Multinational Companies) these are large businesses that operate in a number of countries. They often separate their production between various locations, or have their different divis...

Firstly, the (2x(^3) - 7)/(3(sqrt(x))) can be split into (2x(^3))/(3(sqrt(x)) and -7/(3(sqrt(x)). These can then be simplified to (2/3)x(^5/2) and -(7/3)x(^-1/2) respectively. This then gives the equation...

This is a topic which is common across all A-Level specifications, the questions surrounding this topic may vary from labelling diagrams, matching features in a table, or longer written styles of question...