Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please explain how to solve step by step and name any rules or theorems used. The following is from Chiang's fundamental mathematical economics. 4 0

image text in transcribed

Please explain how to solve step by step and name any rules or theorems used.

The following is from Chiang's fundamental mathematical economics.

image text in transcribed
4 0 -1 1. Use the determinant 1 -7 to verify the first four properties of determinants. WN 2. Show that, when all the elements of an nth-order determinant | Aj are multiplied by a number k, the result will be k"| Al. 3. Which properties of determinants enable us to write the following? 9 18 (a) 19 18 27 56 - 0 2 (6) 2 22 = 18 2 3 4. Test whether the following matrices are nonsingular: (a) 19 (C) 13 9 (b) (d) 3 0 W 8 6 5. What can you conclude about the rank of each matrix in Prob. 4? 6. Can any of the given sets of 3-vectors below span the 3-space? Why or why not? (0) [1 2 1] [2 3 1] [3 4 2] (b) [8 1 3] [1 2 8] [-7 1 5] 7. Rewrite the simple national-income model (3.23) in the Ax = d format (with Y as the first variable in the vector x), and then test whether the coefficient matrix A is nonsingular. 8. Comment on the validity of the following statements: (a) "Given any matrix A, we can always derive from it a transpose, and a determinant." (b) "Multiplying each element of an n x n determinant by 2 will double the value of that determinant." (c) "If a square matrix A vanishes, then we can be sure that the equation system Ax = d is nonsingular." 1. Suppose that we expand a fourth-order determinant by its third column and the cofac- tors of the second-column elements. How would you write the resulting sum of prod- ucts in _ notation? What will be the sum of products in ) notation if we expand it by the second row and the cofactors of the fourth-row elements? 2. Find the inverse of each of the following matrices: (0) A = (6) 8=[-3 2] ( c=[3 7] () 0=[6 ;] 3. (a) Drawing on your answers to Prob. 2, formulate a two-step rule for finding the ad- joint of a given 2 x 2 matrix A: In the first step, indicate what should be done to the two diagonal elements of A in order to get the diagonal elements of adj A; in the second step, indicate what should be done to the two off-diagonal elements of A. (Warning: This rule applies only to 2 x 2 matrices.) (b) Add a third step which, in conjunction with the previous two steps, yields the 2 x 2 inverse matrix A-. 4. Find the inverse of each of the following matrices: -2 1 1 (0) E = (C) G = 0 0 N 0 0 0 -1 0 0 (6) F= (d) H = 0 1 0 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics

Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward

5th Edition

1337106666, 978-1337106665

More Books

Students also viewed these Economics questions

Question

In asset management SRI is an acronym for

Answered: 1 week ago