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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...

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. Thin...

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 th...

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...

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) an...