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Explain how a company would set a price if their aim was to profit maximise.

Profit maximising is where a company sets a price and quantity that gets the company the highest profit possible. Profit maximising tends to occur in markets with low competition where the companies have hig...
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Answered by Adam D. Economics tutor
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Expand and simplify (5x – 2y)(3x – 4y)

Expand and simplify (5x – 2y)(3x – 4y) In this question, we are asked to 'expand' out the brackets. What this means is we need each term in one set of brackets (5x and -2y) to be multiplied by each term in t...
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Answered by Jamie L. Maths tutor
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What is an equipotential in an electric/gravitational field?

Equipotentials are lines of constant potential. In radial fields they join points of equal potential and are perpendicular to the field lines. They are concentric spherical surfaces about the centre of the b...
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Answered by Chris D. Physics tutor
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What is damping in Simple Harmonic Motion?

An oscillation is damped if resistive forces are present e.g. air resistance or friction. The amplitude of the system will decrease over time, as opposed to a free oscillation which is undamped (no resistive...
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Answered by Chris D. Physics tutor
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Explain the Principle of Moments.

The moment of a force about any point is defined as the force x perpendicular distance from the line of action of the force to the point - moment = F x d the unit is Nm. Principle of moments states that for ...
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Answered by Chris D. Maths tutor
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