How do you write good analysis chains of reasoning? | MyTutor
Good structure is essential for good economics essay marks.Following the BLT route is a good way to show clear understanding. BLT = Because Leads to, therefore and can show how you …
Why is MC=MR at the profit maximizing level of output?
MC = marginal (extra) cost incurred by a firm when its production raises by one unit. MR = marginal (extra) revenue a firm receives from producing one extra unit ...
Distinguish between the effect of an increase in income and
The demand of an individual consumer indicates the various quantities of a good (or service) the consumer is willing and able to buy at different possible prices during a particular time period, …
What does Game Theory reveal about a firm's pricing strategy?
For example, large airline providers such as British Airways or Air France. The firms are interdependent. If BA lowers it prices to flights to France, Air France is likely to lose revenue …
Using a demand and supply diagram, comment on the likely
This would therefore cause an increase in quantity of housing while reducing the price of housing. (4th mark analysis) However, the effect of the price decrease would depend on the current …
Using the Keynesian AD/AS diagram, explain why an economy …
It is calculated through the formula AD=Consumer Spending (C)+ Investment (I)+ Government Spending (G)+ Exports (X) -Imports (M). Similarly, aggregate supply refers to the total supply …
Construct a break-even graph and evaluate its usefulness as a
Break-Even is a tool used by businesses to project the amount of units they have to sell before they break-even, in other words before they have recouped their investment. To calculate this …
Evaluate the impact that competition will have on Pizza ... - MyTutor
Competition is likely to have a big impact on Pizza Express especially if their main competitors have a cheaper price point this is because customers might be swayed by the more …
Explain how price and output are determined in both the short
This leads to a degree of abnormal profit assuming which is the rectangle between price and cost.Draw the long run graph implying that in the long run firms have an opportunity to enter …
Expert Maths tutors in London from £22/hr | MyTutor
Discover London Maths tutors for A Level and GCSE from only £22/hr. Book a free video meeting today to find the perfect tutor for you.