In Questions fiNd the Matrix That Represents the Given Relation

question 27

Short Answer

In questions find the matrix that represents the given relation. Use elements in the order given to
determine rows and columns of the matrix.
- $$R ^ { 2 } \text {, where } R \text { is the relation on } \{ w , x , y , z \} \text { such that } R = \{ ( w , w ) , ( w , x ) , ( x , w ) , ( x , x ) , ( x , z ) , ( y , y ) , ( z , y ) , ( z , z ) \} \text {. }$$

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Definitions:

Positive Economic Statements

Statements that can be tested and validated; they describe the world as it is versus how it should be.

Opinion

A personal view, attitude, or appraisal.

Rational Behavior

The theory that individuals make decisions based on maximizing their own benefit or utility, considering all available information and the potential costs and benefits.

Costs

Costs represent the expenses incurred in the production of goods or services, including materials, labor, and overhead.