Perform the Matrix Operation $B = \left[ \begin{array} { l l l l } - 1 & 1 & 7 & - 3 \end{array} \right]$

question 12

Multiple Choice

Perform the matrix operation.
-Let $B = \left[ \begin{array} { l l l l } - 1 & 1 & 7 & - 3 \end{array} \right]$ . Find $- 4 B$ .

• A) \(\left[ \begin{array} { l l l l } - 4 & 4 & 28 & - 12 \end{array} \right]\)
• B) \(\left[ \begin{array} { l l l l } 4 & 1 & 7 & - 3 \end{array} \right]\)
• C) \(\left[ \begin{array} { l l l l } - 3 & - 1 & 5 & - 5 \end{array} \right]\)
• D) \(\left[ \begin{array} { l l l l } 4 & - 4 & - 28 & 12 \end{array} \right]\)

Understand the concept and application of average and marginal product in economics.

Distinguish between short-run and long-run periods in economics and understand the implications for resource variability.

Evaluate the impact of changing inputs on total, average, and marginal products.

Identify and analyze fixed and variable costs in short-run production.

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Definitions:

Substantial Performance

A legal principle indicating that a party has completed enough of its contractual obligations to warrant payment, despite minor deviations from the contract terms.

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The Uniform Commercial Code sets forth guidelines for commercial transactions, aiming to standardize and streamline processes across state lines within the United States.

Good Faith

The honest intention to act without taking an unfair advantage over another party, often a requirement in contract law.

Fair Dealing

A legal doctrine aimed at ensuring fairness in commercial transactions and preventing unethical behavior, often involving the honest and straightforward conduct of parties in a transaction.