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Explain the concept of internal economies of scale and the three stages of returns that can occur when firms increase their factors of production? Graphs maybe used in your answer

Internal economies of scale are centred around the relationship of a firm increasing its factors of production ie. its inputs and how this affects the average cost of producing goods. The general concept ...

Answered by Colm K. Economics tutor
2220 Views

Solve the following simultaneous equations. x^2 + 2y = 9, y = x + 3

x^2 + 2y = 9y = x + 3
x^2 + 2y = 9x^2 + 2(x+3) = 9x^2 + 2x + 6 = 9x^2 + 2x - 3 = 0(x + 3)(x - 1) = 0x= -3, x = 1
when x = -3y = x + 3y = (-3) + 3y = 0
when x = 1y = x + 3y = (1) + 3y = 4

Answered by John F. Maths tutor
2348 Views

Describe the process of gene transcription?

Transcription is the process in which a gene's DNA sequence is copied to form a messenger RNA molecule. The DNA molecule unwinds due to the action of DNA helicase. RNA nucleotides complementary base pair ...

Answered by John F. Biology tutor
1760 Views

Prove that the square of an odd number is always one more than a multiple of 4

If we say n is any number, then we know 2n represents an even number - any number multiplied by 2 is always even. 2n+1 represents an odd...

Answered by Rebecca R. Maths tutor
2662 Views

What would be the impact on the multipler effect given an increase in income tax?

The multipler effect is when an additional increase in aggregate demand can cause a greater final impact on national income (GDP) than the inital size of the injection, with the multipler being a coeffici...

Answered by Daud B. Economics tutor
1916 Views

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