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a) Find the rank of the matrix 4 0 1 19 1 -3 7 1 0 b) A manufacturers marginal revenue function is dr
a) Find the rank of the matrix 4 0 1 19 1 -3 7 1 0 b) A manufacturers marginal revenue function is dr 100 + 50q - 3q = (5 Marks) da Find the change in the manufacturers total revenue if production increases from 5 to 10 units (4 marks) c) Given the total revenue and total cost functions below, find the profit maximizing level of output TR(Q)=1200Q-2Q TC(Q)=Q-61.25Q2+1528.5Q+2000 (6 marks)
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Solution The rank of a matrix is the maximum number of linearly independent columns or rows of the matrixTo find the rank of a matrix we can use the m...
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Elementary Linear Algebra with Applications
Authors: Howard Anton, Chris Rorres
9th edition
471669598, 978-0471669593
