You are welcome to ask questions on Economics.
I will post the answer on this blog, for everyone to benefit from.
I shall try to answer the economics question and / or point to other resources but please bear in mind.
- The replies will be guidance and not for duplication. Your essays should always be your own work.
- My speciality is economics for British A Level standard. My university economics is rusty in parts, because generally I don’t use it in teaching A level economics.
- I can’t guarantee to always give answers it also depends on my time schedule.
- The aim is not to do people’s homework for them, but, help in the understanding of economic concepts.
- The answers will not necessarily be complete. I know several of my essays on this site could be improved.
- Please Write the Questions clearly and with proper spelling. Some questions I have not answered because they were not clear what was meant.
- I will answer as a new post. Check home page of blog for new post. With question and answers
I studied PPE at Lady Margaret Hall college, Oxford University, and currently work as an Economics A Level teacher. I have also examined several different economic units for Edexcel AS and A2.
If you find the information useful, you are welcome to buy me a coffee :)
About The Author
When there is disequilibrium – it causes ‘DEADWEIGHT LOSS’ to the economy. In a Market Economy, what are the three main situations which could lead to disequilibrium? Explain briefly giving any one example in each
a monopolist faces the demand curve Q=60-P/2.The cost function is C=Q2.find the output that maximises this monopolist’s profits. what are the prices at profits and that output? find the elasticityof demand at the profit maximising output .
i have 1 question
Briefly describe what economists do and their typical working conditions.thx be4 :D
Q =8000 – 20p and mc = 25 + 2.5q, calculate the profit at the profit maximizing level
features of command economies
demand function is Q = 8,000 – 20P and the MC = 25 + 2.5Q.
Given that TFC = $15,000;
a) derive an equation for the VC
b) calculate the profit at the profit maximizing level