Will Frankfurt

I love learning and making complex things easy to understand.

7 questions answered
Under 5 hours taught

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Β£58per
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Hi, I'm Will

I love learning and making complex things easy to understand.

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7am - 12pm
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My top answers

Asked by Nadine

Economics πŸ“ˆ
What does economies of scale mean?

Will Frankfurt

I love learning and making complex things easy to understand.

The text book definition is when "cost per unit falls as output rises." If Apple only produces one iPhone, it'll be pretty expensive as there are a...Learn more

Asked by Sumaya

Economics πŸ“ˆ
What is the difference between CPI and RPI measures of inflation

Will Frankfurt

I love learning and making complex things easy to understand.

They include slightly different things. RPI includes the costs of housing (mortgage interest costs and council tax for example) while CPI does not.

Asked by Abas

Economics πŸ“ˆ
What is the difference between a demerit and a merit good?

Will Frankfurt

I love learning and making complex things easy to understand.

A merit good has two characteristics: People do not realise the true personal benefit. For example, people underestimate the benefit of education o...Learn more

Asked by Abdalla

Economics πŸ“ˆ
Why does the government target a low rate of unemployment?

Will Frankfurt

I love learning and making complex things easy to understand.

Low unemployment is usually a good thing because: 1. It helps the government achieve one of their main macro-economic objectives. 2. It helps econ...Learn more