Find the Determinant of the Matrix $\left[ \begin{array} { c c } - 5 & 2 \\\frac { 1 } { 2 } & 1\end{array} \right]$

question 48

Multiple Choice

Find the determinant of the matrix. $\left[ \begin{array} { c c } - 5 & 2 \\\frac { 1 } { 2 } & 1\end{array} \right]$

• A)-6
• B)-7
• C)-4
• D)-5
• E)-8

Comprehend the concept of economic profit and how it differs for monopolies compared to competitive industries.

Assess how monopolies can impact economic efficiency and market performance.

Analyze the role of collusion and cartels in establishing monopoly-like conditions in markets.

Understand the concept of marginal revenue and how to calculate it from a given demand schedule.

---

Definitions:

Representation Activities

Actions undertaken by individuals or groups to act on behalf of others, typically in the context of labor unions representing their members.

Multiple Occupations

Having more than one job or role within a workplace, or across different industries or sectors.

Multiple Workplaces

Refers to employment arrangements where an individual or a group works in more than one location for a single employer.

National Union

A labor union that operates across an entire country, representing the interests of workers from specific industries or sectors on a national level.