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Is a firm earning abnormal profits in perfect competition productively and allocatively efficient?

To answer this question, it is first very important to define productive efficiency and allocative efficiency. A firm is said to be productively efficient if it produces each good at the lowest possible unit...
TL
Answered by Tom L. Economics tutor
10305 Views

What are the main tools to used to meet the key economic objective of ecomic growth?

Economic growth is an increase in the real gdp in the economy. One tool that could be used changing the interest rates. Interest rates are the cost of borrowing, and reward for saving. In order to increase e...
VR
2618 Views

Differentiate the following, y=(2x-4)^3

dy/dx = 3(2x-4)^2 x 2 dy/dx= 6(2x-4)^2 dy/dx =24(x-2)^2
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Answered by Charlie G. Maths tutor
6474 Views

What marks do I need to achieve an A* grade in A-level Maths?

The A* grade in Maths is awarded to candidates who achieve an A (480 out of 600 UMS) in their overall A Level as well as achieving a combined score of 180 out of 200 UMS in modules Core 3 and Core 4 (i.e. an...
OC
Answered by Omar C. Maths tutor
13342 Views

What exams will I need to take to complete my A level in Arabic and what is examined?

The complete qualification consists of two exams - an AS-level exam and an A2-level exam. In both exams you will be asked to complete a variety of exercises including translation from and to Arabic, reading ...
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Answered by Omar C. Arabic tutor
1717 Views