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Find the Inverse of the Matrix [1622811]\left[ \begin{array} { c c } - 16 & 22 \\- 8 & 11\end{array} \right]

question 76

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Find the inverse of the matrix [1622811]\left[ \begin{array} { c c } - 16 & 22 \\- 8 & 11\end{array} \right] (if it exists) .


Definitions:

Cost of Living

The total amount of money required to cover basic expenses such as housing, food, taxes, and healthcare in a certain place and time.

Utility Function

An equation representing a consumer's prioritization of various bundles of goods, thereby indicating their perceived benefit or welfare from those choices.

Consumption

The action of using up a resource or goods, often associated with the demand side of economics.

Income

Earnings received by an individual or business in exchange for work, services, or investments, typically measured over a certain period of time.

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