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Why can firms only make normal profit in the long run when under perfect competition?

Firstly it is important to understand the assumptions of perfect competition.They are as follows:-Large number of buyers and sellers-Homogenous (identical) goods-No barriers to entry or exit-Firms are pri...

JS
Answered by Joseph S. Economics tutor
5623 Views

Given that log3 (c ) = m and log27 (d )= n , express c /(d^1/2) in the form 3^y, where y is an expression in terms of m and n.

I find that a lot of maths at A-Level is unmotivated, and this causes a lot of unnecessary confusion. You can do this question, you just need to recognise the point of log and keep a level head. Log is d...

GV
Answered by Gabriel V. Maths tutor
4320 Views

A parabola with equation y^2=4ax for constant a is translated by the vector (2,3) to give the curve C. The curve C passes through the point (4,7), what is the value of a?

Invert the translation of (2,3) to get the parabola passing through the point (4,7)-(2,3)=(2,4). This is the same as saying that y=4 when x=2, substitute this into your equation y^2=4ax to get a=2.This wi...

GV
2482 Views

X^2 -25 Find the solution to this equation.

candidate should recognise the equation is a difference between two squares.
the next step is to factorise: square root of 25 is 5
(x-5)(x+5) = x^2-25
x= -5 x= 5

JD
Answered by Jakub D. Maths tutor
2931 Views

For the reaction (hydrochloric acid + magnesium -> magnesium chloride + hydrogen) what would happen to the rate of reaction if the solid magnesium was cut into smaller pieces? Explain the change (4)

By cutting the solid magnesium into smaller pieces you are increasing the surface area and also making a larger surface area to volume ration. Increasing the surface area increases the rate of reaction as...

AR
Answered by Abigail R. Chemistry tutor
7447 Views

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