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Lab A Lab B
Computers 15 27
Computer Tables 16 34
Chairs 16 34

Converting the data to a matrix, we have

C 2013 = [ 15 16 16 27 34 34 ]

To calculate how much computer equipment will be needed, we multiply all entries in matrix C by 0.15.

( 0.15 ) C 2013 = [ ( 0.15 ) 15 ( 0.15 ) 16 ( 0.15 ) 16 ( 0.15 ) 27 ( 0.15 ) 34 ( 0.15 ) 34 ] = [ 2.25 2.4 2.4 4.05 5.1 5.1 ]

We must round up to the next integer, so the amount of new equipment needed is

[ 3 3 3 5 6 6 ]

Adding the two matrices as shown below, we see the new inventory amounts.

[ 15 16 16 27 34 34 ] + [ 3 3 3 5 6 6 ] = [ 18 19 19 32 40 40 ]

This means

C 2014 = [ 18 19 19 32 40 40 ]

Thus, Lab A will have 18 computers, 19 computer tables, and 19 chairs; Lab B will have 32 computers, 40 computer tables, and 40 chairs.

Scalar multiplication

Scalar multiplication involves finding the product of a constant by each entry in the matrix. Given

A = [ a 11 a 12 a 21 a 22 ]

the scalar multiple c A is

c A = c [ a 11 a 12 a 21 a 22 ]      = [ c a 11 c a 12 c a 21 c a 22 ]

Scalar multiplication is distributive. For the matrices A , B , and C with scalars a and b ,

a ( A + B ) = a A + a B ( a + b ) A = a A + b A

Multiplying the matrix by a scalar

Multiply matrix A by the scalar 3.

A = [ 8 1 5 4 ]

Multiply each entry in A by the scalar 3.

3 A = 3 [ 8 1 5 4 ] =   [ 3 8 3 1 3 5 3 4 ] =   [ 24 3 15 12 ]
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Given matrix B , find −2 B where

B = [ 4 1 3 2 ]

−2 B = [ −8 −2 −6 −4 ]

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Finding the sum of scalar multiples

Find the sum 3 A + 2 B .

A = [ 1 −2 0 0 −1 2 4 3 −6 ]  and  B = [ −1 2 1 0 −3 2 0 1 −4 ]

First, find 3 A , then 2 B .

3 A = [ 3 1 3 ( −2 ) 3 0 3 0 3 ( −1 ) 3 2 3 4 3 3 3 ( −6 ) ] = [ 3 −6 0 0 −3 6 12 9 −18 ]
2 B = [ 2 ( −1 ) 2 2 2 1 2 0 2 ( −3 ) 2 2 2 0 2 1 2 ( −4 ) ] = [ −2 4 2 0 −6 4 0 2 −8 ]

Now, add 3 A + 2 B .

3 A + 2 B = [ 3 −6 0 0 −3 6 12 9 −18 ] + [ −2 4 2 0 −6 4 0 2 −8 ]               = [ 3 2 −6 + 4 0 + 2 0 + 0 −3 6 6 + 4 12 + 0 9 + 2 −18 −8 ]               = [ 1 −2 2 0 −9 10 12 11 26 ]
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Finding the product of two matrices

In addition to multiplying a matrix by a scalar, we can multiply two matrices. Finding the product of two matrices is only possible when the inner dimensions are the same, meaning that the number of columns of the first matrix is equal to the number of rows of the second matrix. If A is an   m   ×   r   matrix and B is an   r   ×   n   matrix, then the product matrix A B is an   m   ×   n   matrix. For example, the product A B is possible because the number of columns in A is the same as the number of rows in B . If the inner dimensions do not match, the product is not defined.

We multiply entries of A with entries of B according to a specific pattern as outlined below. The process of matrix multiplication becomes clearer when working a problem with real numbers.

To obtain the entries in row i of A B , we multiply the entries in row i of A by column j in B and add. For example, given matrices A and B , where the dimensions of A are 2   ×   3 and the dimensions of B are 3   ×   3 , the product of A B will be a 2   ×   3 matrix.

A = [ a 11 a 12 a 13 a 21 a 22 a 23 ]  and  B = [ b 11 b 12 b 13 b 21 b 22 b 23 b 31 b 32 b 33 ]

Multiply and add as follows to obtain the first entry of the product matrix A B .

  1. To obtain the entry in row 1, column 1 of A B , multiply the first row in A by the first column in B , and add.
    [ a 11 a 12 a 13 ] [ b 11 b 21 b 31 ] = a 11 b 11 + a 12 b 21 + a 13 b 31
  2. To obtain the entry in row 1, column 2 of A B , multiply the first row of A by the second column in B , and add.
    [ a 11 a 12 a 13 ] [ b 12 b 22 b 32 ] = a 11 b 12 + a 12 b 22 + a 13 b 32
  3. To obtain the entry in row 1, column 3 of A B , multiply the first row of A by the third column in B , and add.
    [ a 11 a 12 a 13 ] [ b 13 b 23 b 33 ] = a 11 b 13 + a 12 b 23 + a 13 b 33

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, Precalculus. OpenStax CNX. Jan 19, 2016 Download for free at https://legacy.cnx.org/content/col11667/1.6
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