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Explain the effect of a subsidy on equilibrium price and quantity in a demand and supply model.

If the government offer a subsidy to firms, this will reduce their per unit cost of production. This will shift supply downwards, as for a given market price, the firm is willing to produce more. This wil...

AR
Answered by Anna R. Economics tutor
18527 Views

Briefly outline two of the monocular depth cues shown in Figure 1. Explain how each cue you have identified helps us to perceive the distance of objects in this image. (4 marks).

Cue 1: Occlusion, objects closer in the visual image will block those farther away as they take up more of the field of view. This can be seen by the man occluding the Eiffel tower indica...

OC
Answered by Oliver C. Psychology tutor
4586 Views

Explain the impact on a firm due to an increase in the minimum wage.

 The firm’s costs will increase as they will have to pay each worker more per hour due to the new minimum wage. This means that they will have less profits for their shareholders, and less money to invest...

MK
Answered by Megan K. Economics tutor
1743 Views

How do I critically analyse in reference to the Great Gatsby?

Critical analysis can be daunting given that it requires you to understand the subject matter well-enough to be able to comment on its effectiveness. Once you master the art of critical analysis, your wri...

CC
3849 Views

Why do earthquates occur on conservative plate boundaries?

A conservative plate boundary is where two plates slide past one another in opposite direction (or alternatively in the same direction at different speeds). Over time as these plates move friction occurs ...

FW
Answered by Fiona W. Geography tutor
2848 Views

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