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A profit maximising equilibria is one in which the firm maximises overall profit over all other potential outcomes. The point at which the firm is maximising profit is where marginal revenue intersects ma...

6x + 2y = -3 (1)*3 4x - 3y = 11 (2)*2 18x + 6y = -9 (1) 8x - 6y = 22 (2) (1) + (2) = 18x +8x + 6y - 6y = -9 + 22 => 26x = 13 => x = 1/2 sub x into (1) => (6 * 0.5) + 2y = -3 3 + ...

When performing live calculations of examples of questions for the students, I shall begin by writing down an approach to how they should tackle the problem. This will only take a minute and I’ve found do...

Explain the Malthusian view: Thomas Malthus’ (1798) essay titled ‘Principle of Population’ proposes that resource production is linear, whereas human population growth is exponential and ...

In ‘King Lear’, Shakespeare presents personal and political power from a number of different angles and thus, in a number of different ways. Much focus is inevitably given to Lear himself, and the dichoto...