Finite HW3
Finite HW3
Homework 3-1
No solution
(5)Use a graphing calculator to find the solution to each system. Round your answer to
three decimal places.
y=2 x−9
y=3 x +5
Point: (-14, -37)
Equation :
X=-14, y=-37
Finite
Homework 3-3
(6)At $4.80 per bushel, the annual supply for soybeans in the Midwest is 1.9 billion
bushels, and the annual demand is 2.0 billion bushels. When the price increases to
$5.10 per bushel, the annual supply increase to 2.1 billion bushels, and the annual
demand decreases to 1.8 billion bushels. Assume that the price-supply and price-
demand equations are linear.
(a) Find the price-supply equation.
(b)Find the price-demand equation.
(c) Find the equilibrium price and quantity.
Therefore, the Supply equation passese through the points (q,p): (1.9, 4.80) and
(2.1, 5.10)
5.10−4.80 0.3
Slope: = =1.5
2.1−1.9 0.2
p=1.5 q +b
4.80=1.5 ( 1.9 ) +b
b=1.95
p=1. 5 q+1.95
5.10−4.80 0.3
= =−1.5
1.8−2.0 −0.2
4.80=−1.5 ( 2 .0 )+ b
b=7.8
p=−1.5 q+ 7.8
Finite
Homework 3-4
Then,
p=1.5 q +1.95
p¿−1.5 q+7.8
__________________________Add
2 p=9 . 7 5
p=4.87 5
Solve for q:
4.875=1.5 q+1. 95
1.5 p=4.875−1.95
2.925
q= =1.95
1.5
(7)A small plant manufactures riding lawn mowers. The plant has fixed costs (leases,
insurance, etc.) of $48,000 per day and variable costs (labor, materials, etc.) of
$1,400 per unit produced. The mowers are sold for $1,800 each. so the cost and
revenue equations are
y=48,000+1,400 x Cost equation
y=1,800 x Revenue equation
Wherex is the total number of mowers produced and sold each day. The daily costs and
revenue are in dollars. How many units must be manufactured and sold each day for the
company to break even?
48,000+ 1,400 x=1800 x
48,000=1800 x−1,400 x
48,000=400 x
48 000
=x
400
120= x
So, the number of units is 120.
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Finite
Homework 3-5
4.2
Systems of Linear Equations and Augmented Matrices
(8)Refer to the matrix shown below.
E= 1 −2 3
[ −5 0 7 ]
(a) What is the size of E?
(b) Find e23 and e22.
1−23
[−5 0 7]
Number of rows=2
Number of columns=3
Size= 2x3
E= e 11e 12 e 13
[e 21 e 22e 23]
So,
E23=7
E22 =0
=(3, 1)
4.4
Matrices: Basic Operations
(10) Perform the indicated operations if possible.
−3 5 2 1
[ ][ ]
2 0 + −6 3
1 4 0 −5
−1 6
[ ]
¿ −4 3
1 −1
Finite
Homework 3-6
4.5
Inverse of a Square Matrix
(13) Find the matrix product.
[ 10 01][ 24 −35 ]
2 −3
=[
4 5 ]
( a ) −1 0
[ ]
−3 1
= I2
Finite
Homework 3-7
M-1.M= I
1 −3 0
[
(b ) 0 1 1
2 −1 4 ]
= I2
M-1.M= I
4.6
Matrix Equations and Systems of Linear Equations
(15) Write each system as a matrix equation and solve using inverses.
2 x+2 y=1
x +3 y=3
X=-3/4 y= 5/4
(16) Write each system as a matrix equation and solve using inverses.
x + y=2
2 x+3 y −z=0
x +2 z=4