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(i) Find the value of x and y from the following system of linear equations using the Gauss-Jordan elimination method. [6 Marks] (ii) Given
(i) Find the value of x and y from the following system of linear equations using the Gauss-Jordan elimination method. [6 Marks] (ii) Given the revenue function in Riyal Oman per unit is, R(x) = -x+30x, and the cost function per unit in Riyal Omani is, C(x) = 10x +50. [4 Marks] Find: (a). The marginal profit at x-100 units. (b). Interpret the result in (a).
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
