PremiumAdam D. GCSE Maths tutor, A Level Economics tutor, A Level Maths tutor
£30 /hr

Adam D.

Degree: Economics and Management (Bachelors) - Bristol University

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About me

I am a final year student at the University of Bristol, studying Economics and Management and am currently on track to achieve a 1st. I achieved A* in Economics and Maths A-levels and an A* at maths GCSE so would be very happy to help any students who are studying these subjects. My hours are very flexible so please don't hesitate to contact me if you require any help. 

Subjects offered

SubjectLevelMy prices
Economics A Level £30 /hr
Maths A Level £30 /hr
Maths GCSE £30 /hr
Economics IB £30 /hr
Maths IB £30 /hr
Maths 13 Plus £30 /hr
Maths 11 Plus £30 /hr

Qualifications

QualificationLevelGrade
PoliticsA-LevelA*
EconomicsA-LevelA*
MathematicsA-LevelA*
EconomicsBachelors Degree1st
Disclosure and Barring Service

CRB/DBS Standard

No

CRB/DBS Enhanced

No

General Availability

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Please get in touch for more detailed availability

Ratings and reviews

4.8from 23 customer reviews

Stephanie (Student) November 15 2016

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Stephanie (Student) November 17 2016

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Stephanie (Student) November 22 2016

A good lesson

Stephanie (Student) November 29 2016

Clear and good lesson. Helpful when need clarifying over topics
See all reviews

Questions Adam has answered

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 high price setting power (Monopolies, Duopolies and Oligopolies)  The profit maximising p...

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 high price setting power (Monopolies, Duopolies and Oligopolies) 

The profit maximising point is found by making Marginal Cost (MC) = Marginal Revenue (MR).

Marginal Cost (MC) = cost to the firm of producing an additional unit of output, relates to variable cost only and not fixed cost

Marginal Revenue (MR) = additional revenue gained from selling one additional unit of output

Any deviation away from this point will mean that the company is no longer profit maximising. 

- Just because the company is profit maximising, it doesnt mean they are actually making profit, they may be minimising their losses. 

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9 months ago

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