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Assignment 1-1-1

The document is an assignment for an economics course that includes various problems related to matrices, linear equations, and economic models. It covers matrix operations, determinants, inverses, and applications of Cramer's rule in solving systems of equations. Additionally, it involves deriving a technology matrix based on the interdependencies of different economic sectors.

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Mostafa Allam
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14 views3 pages

Assignment 1-1-1

The document is an assignment for an economics course that includes various problems related to matrices, linear equations, and economic models. It covers matrix operations, determinants, inverses, and applications of Cramer's rule in solving systems of equations. Additionally, it involves deriving a technology matrix based on the interdependencies of different economic sectors.

Uploaded by

Mostafa Allam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Econ 3061

Dr. Iman Elkhodary


Economics Department
The American University in Cairo
Assignment 1

1. For the following matrices:


3 1 0 2 3
3 −2
𝐴 = #4 2 0) 𝐵=+ - 𝐶 = #1 0)
−1 −2
1 3 1 4 0

1 0 1
𝐷=+ - 𝐸=+ -
−2 1 0

Find the following if possible (if not, explain why)


1) 𝐴𝐶
2) 𝐵𝐶 /
3) 2𝐸 − 𝐷
4) 𝐵𝐸
5) |𝐴|
6) 𝐵"#
7) |𝐷| − 𝐵"#
8) |𝐶|
9) |𝐴"# |
10) Tr(𝐴)
11) Tr(𝐶𝐷)
12) Tr(3𝐵𝐷)

2. Find the inverse of the following two matrices A and B (if possible)
2 1 −1 2 −1 1
𝐴 = #3 −2 4) 𝐵=#4 −2 2)
1 2 −3 −1 2 3

3. The following are the demand and supply functions for coffee (c), tea (t) and sugar (s).

𝐷$ = 120 − 8𝑝$ + 2𝑝% − 2𝑝&


𝑆$ = −20 + 5𝑝$
𝐷% = 100 − 5𝑝% + 3𝑝$ − 𝑝&
𝑆% = −10 + 2𝑝%
𝐷& = 300 − 𝑝& − 5𝑝$ − 10𝑝%
𝑆& = 15𝑝&

Assuming the markets are in equilibrium. Put the linear system of equation in the form 𝐴𝑋 = 𝑏
𝑝$
where 𝑋 = #𝑝% ) is the vector equilibrium prices.
𝑝&
𝑎 𝑏
4. If the determinant of the matrix 𝐴 = + - is equal to (8), find the determinant of the
𝑐 𝑑
𝑎 −5𝑏
matrix 𝐵 = + -
𝑐 −5𝑑

5. If |𝐴| = −4, where A is a 3x3 matrix, find the following:


1) @𝐴/ @
2) |2𝐴|
3) |𝐴"# |
4) |𝐴' |
5) @𝐴/ 𝐴@

6. If A and B are two matrices such that:


2 −1 2 −8
𝐴"# = + - and 𝐵"# = + -
3 −2 1 3

Find using the properties of the inverse of matrices:


a) (3𝐴)"#
b) (𝐴𝐵)"#
c) (𝐴/ )"#

7. Show that A is the inverse of B, where

3 −1 # 2 −1
𝐵=+ - 𝐴=' + -
4 −2 4 −3

8. Use Cramer’s rule to solve the system of linear equations for x and y in terms of k.

(𝑘 − 2)𝑥 + 𝐾𝑦 = 5
𝑘𝑥 + (𝑘 − 3)𝑦 = 2

For what value(s) of k will the system be inconsistent

9. For the following system of linear equations:

𝑥( + 2𝑥' = 1 − 𝑥#
3𝑥# + 𝑥' = 𝑥(
2𝑥' = 6 − 2𝑥# − 3𝑥(

Solve for 𝑥# , 𝑥' and 𝑥( by using the inverse of matrices and check your answers by using
Cramer’s rule
10. If A and B are square matrices of order n such that |𝐴𝐵| = −5, prove that both matrices are
nonsingular.

11. Consider the following matrices:


1 1 1 1
𝑋 = # 0) 𝑌 = # 1) 𝑍 = #−3) 𝑊 = #1 )
1 0 4 1
a) Find scalars a and b such that 𝑍 = 2𝑎𝑋 + 3𝑏𝑌
b) Show that scalars a and b do not exist such that 𝑊 = 𝑎𝑋 + 𝑏𝑌

12. Use the following matrices to answer the questions below:

2 −1
3 5 0
𝐴 = #3 4) 𝐵=+ -
−6 8 −4
0 −6

Find if feasible:

a) 𝐴𝐵 b) 2A − B / c) (𝐵𝐴)"# d) (3𝐴)"# e) Verify that Tr(𝐴𝐵) = Tr(𝐵𝐴)

13. Suppose that A is a square matrix such that |𝐴( | = 0. Show that A is not invertible.

14. An economy consists of three sectors: agriculture, industry, and services. To produce $1 worth of
agricultural output, the agricultural sector requires $0.3 of its own output, 0.1 of industrial output
and $0.4 of services output. On the other hand, to produce $1 worth of industrial output, the
industrial sector requires $0.4 of agricultural output, $0.3 of its own output and $0.2 of services
output. Finally, to produce $1 worth of services output, the services sector requires $0.1 of
agricultural output, $0.4 of industrial output and $0.1 of its own output.

a) Derive the technology matrix A from the above information


35,000
b) Given that the vector of the final production 𝑋 = #40,000), find the vector of final demand d
30,000
in the economy

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