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).
Through the course materials, you have learned about how to
Through the course materials, you have learned about how to effectively lead a group session. Which of the different skills described and demonstrated by Jacobs et al. do you feel would be the easiest and the hardest, respectively, for you to incorporate into your own group leadership and why? In