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Explain the assumptions behind perfect competition and how firms behave under this market structure.

Perfect competition assumes that everyone has perfect information (no asymmetries). In addition, under perfect competition, there are many firms selling a homogeneous product. No one firm can have an effect ...
TR
Answered by Tierney R. • Economics tutor
3744 Views

How does the process of transcription work?

The 2 DNA strands are split apart by DNA Helicase by breaking the hydrogen bonds between complementary base pairs, with the sense strand being used as a template. Free RNA nucleotides in the cytoplasm attach...
SB
Answered by Sophie B. • Biology tutor
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What is the effect of an increase in substrate concentration on the rate of reaction?

An increase in the substrate concentration increases the rate of reaction initially as more enzyme-substrate collisions occur , resultng in more enzyme-substrate complexes being formed. Eventually maximum ve...
PK
Answered by Parissa K. • Biology tutor
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Solve the simultaneous equation 6y+3x=24, 4y+5x=28

30y+15x=120 12y+15x=84 18y=36 y=2 4(2)+5x=28 8+5x=28 5x=20 x=4
JB
Answered by Jake B. • Maths tutor
3797 Views

Evaluate the case that economic growth is always beneficial to a country

Introduction to economic growth Benefits - Living standards increase (more jobs, higher income, better life) - but not always, sometimes growth occurs in the minority so only some benefit. Sometimes growth d...
JB
Answered by Jake B. • Economics tutor
6311 Views