Decide Whether or Not the Matrices Are Inverses of Each $\left[ \begin{array} { c c } - 5 & 1 \\ - 7 & 1 \end{array} \right]$

question 37

Multiple Choice

Decide whether or not the matrices are inverses of each other.
- $\left[ \begin{array} { c c } - 5 & 1 \\ - 7 & 1 \end{array} \right]$ and $\left[ \begin{array} { l } \frac { 1 } { 2 } - \frac { 1 } { 2 } \\ \frac { 7 } { 2 } - \frac { 5 } { 2 } \end{array} \right]$

• A)No
• B) Yes

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Definitions:

Production Possibility Frontier

a curve depicting all maximum output possibilities for two goods, given a set of inputs when all resources are fully employed.

Efficient Production

A process that maximizes output with the minimum amount of input, using resources in the most effective manner to achieve the highest level of productivity.

Tariff Revenue

Income generated by a government from imposing import taxes on goods brought into the country.

Domestic Price

The price of goods or services within a country's borders, influenced by local supply and demand conditions.