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Identify the characteristics of a monopolistically competitive market and explain why firms in this market are said to be inefficient. ​

In a monopolistic market there is a large number of small, profit-maximising firms, selling differentiated, heterogeneous products. This means that they have some degree of control of price in the short r...

MW
Answered by Michael W. Economics tutor
6449 Views

How would you outline the Knowledge argument?

Jackson's knowledge argument aims to refute Physicalism (the philosophical position that everything which exists is no more extensive than its physical properties, and that the only existing substance is ...

JC
3421 Views

solve the simultaneous equations 3x+7y=18 and 7x+9y=8

3x+7y=18 (eqn 1)  -multiply by 7->   21x+49y=126 (eqn 1*)

7x+9y=8  (eqn 2)  -multiply by 3->    21x+27y=24 (eqn 2*)

(eqn 1*)-(eqn 2*)  --> 22y=102 therefor y=51/11

sub in thi...

RS
Answered by Radhika S. Maths tutor
3152 Views

Solve the following simultaneous equations: (1) 4x+y=7 and (2) 3x+2y=9

This question can be answered by the elimination method. I will choose to eliminate 'y' in this case. Firstly, multiply equation (1) by 2, resulting in 8x+2y=14. Now we can subtract eqaution (2): 3x+2y=9 ...

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Answered by Alex D. Maths tutor
5250 Views

How are nerve cells adapted to their function?

To answer this question we first need to understand what the function of a nerve cell, or neurone, is. Neurons need to be able to rapidly transmit electrical impulses along their length. They also need to...

CH
Answered by Christian H. Biology tutor
116847 Views

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