Ouestion 1 a. Explain the concept of Equilibrium Price in a perfectly Competitive Market and how it is determined? b. Calculate the percentage change in equilibrium price if percentage change in quantity demanded is 25%. Price Elasticity of Demand is 1.35 and Price Elasticity of Supply is 1.15. Question 2 I Calculate the Total Variable Cost, Average Fixed Cost, Average Variable Cost, Average total Cost and Marginal Cost in the table given below (All Cost are given in USD).
Obtain the general solution of the following DEs: i. y′′′ + y′′ − 4y′ + 2y = 0 ii. y(4) + 4y(2) = 0 iii. x(x − 2)y′′ + 2(x − 1)y′ − 2y = 0; use y1 = (1 − x) iv. y′′ − 4y = sin2(x) v. y′′ − 4y′ + 3y = x ; use y1 = e3x vi. y′′ + 5y′ + 6y = e2xcos(x) vii. y′′ + y = sec(x) tan(x)
Obtain the general solution of the following DEs: i. y′′′ + y′′ − 4y′ + 2y = 0 ii. y(4) + 4y(2) = 0 iii. x(x − 2)y′′ + 2(x − 1)y′ − 2y = 0; use y1 = (1 − x) iv. y′′ − 4y = sin2(x) v. y′′