ECON 1540 Study Guide - Midterm Guide: Production Function, Augmented Matrix, Invertible Matrix
12 Jan 2015
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Using your graph (i. e. , without finding the solution values), comment on whether the solution values are positive or negative. (12 marks) Determine whether the system has a solution and, if it does, find it. (6 marks) Solve the system ax = b using matrix inversion, where. A = 1 2 2 and b = 0. Answer the following: (a) donald has three nephews, dui, lui and hui. Donald is always as happy as his least happy nephew. State the function which shows how donald"s happiness depends on the happiness of his nephews. (5 marks) (b) professor badphearsom always grades his students using two term tests and a final exam. The weight of each test is 30% and the final exam is worth 40%. But badphearsom always transfers the weight of a test to the final exam if the test grade exceeds the grade of the final exam.
