Solve the following question

Assignment Help Microeconomics
Reference no: EM13876630

1. Solve the following system of 4 equations with 4 unknowns by hand.

x1 + x3 = 25 x2 + x3 = 18 x1 + x2 = 23 x3 + x4 = 15

2. Write the system in the previous problem in matrix form and solve it.

 

Courses

 

1

2

3

 

1

 

82

 

95

 

80

2

89

92

97

Students      3

65

68

60

4

75

79

64

5

85

72

70

Reference no: EM13876630

Questions Cloud

Determine the equilibrium quantities for given question : Use the equilibrium condition and reduce the system to a 2 by 2 matrix system and solve for equilibrium prices. Then determine the equilibrium quantities.
How an activity-based cost system can be used : Explain the general process of how an activity-based cost (ABC) system can be used to manage organizational spending on resource capacity.
Find out what reforms have been proposed by public citizen : What ethical concerns do these links between industry, the medical profession, and government raise? Can you think of any ways to protect consumers from any harms that might result?
Prepare the adjusting journal entry on december : At December 31, the unadjusted trial balance of H& R Tracks reports Software of $ 25,000 and zero balances in Accumulated Amortization and Amortization Expense. Amortization for the period is estimated to be $ 5,000. Prepare the adjusting journal ent..
Solve the following question : Solve the following system of 4 equations with 4 unknowns by hand - x1 + x3 = 25 x2 + x3 = 18 x1 + x2 = 23 x3 + x4 = 15
The value of each cost element : Chelsea Household Renovations (CHR) is a rapidly growing company that has not been profitable despite increases in sales.
What is the aesthetic appeal of advertising : As with art, the purpose is to influence the audience by creating illusions, symbols, and implications that promise more than pure functionality - Is certain advertising art? Is all advertising art?
Prepare an adjusted trial balance for pi detectives : The adjusted trial balance for PI Detectives reported the following account balances: Prepare an adjusted trial balance as of December 31, and solve for its missing Cash balance.
List causes that could lead to a production-volume variance : List causes that could lead to a production-volume variance. What are the justifications for using practical capacity as the denominator volume when calculating the fixed overhead application rate?

Reviews

Write a Review

Microeconomics Questions & Answers

  What is the difference between a change in demand versus a

what is the difference between a change in demand versus a change in quantity demanded? a change in supply versus a

  What would happen to the capital stock of solow model

suppose a massive unmanned spaceship were to crash in the US instantly increasing the capital stock substantially. Describe using the Solow Model, what would happen to the capital stock, and to output over time. Be sure to include graphs of bothe ..

  How can it make the whole model collapse

Normal 0 false false false EN-US X-NONE X-NONE What are the assumptions we re..

  Explain the most important characteristic in perfect

explain the most important characteristic in perfect competition monopolistic competition oligopoly and monopolies and

  What will be the npv for investment

What will be the NPV for his investment

  At what prices is demand for firms product price elastic

At what prices is the demand for the firm’s product price elastic? If the firm wants to maximize its dollar sales volume, what price must it charge?

  Develop a financial analysis of projects

You have been asked to develop a financial analysis of two projects and based on Net Present Value (NPV), Return on Investment (ROI), and Profitability Index (PI).

  A tell me why you selected the appropriate exponential

a tell me why you selected the appropriate exponential smoothing method by commenting on your y data

  Calculate the demand elasticity of the hotel room

What happens to total expenditure of the tour agency if the price falls from $350 to $250 per night per room? Calculate the demand elasticity of the hotel room. Is the demand for hotel room elastic, inelastic, or unit elastic?

  Supply curve and a variable that affects the demand curve

Provide examples of a variable that affect the supply curve and a variable that affects the demand curve.

  How does the response change across specific industries

A growing number of businesses' including videogame developers, cigarette companies, soft drink producers, liquor marketers, and fast food chains are feeling the heat from government, the press, and society at large for encouraging harmful

  Potential effects of each alternative goal and plan

What factors affected demand for your product and what pricing strategies did you use

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd