Find the Indicated Matrix $C = \left[ \begin{array} { r } 1 \\ - 3 \\ 2 \end{array} \right]$

question 372

Multiple Choice

Find the indicated matrix.
-Let $C = \left[ \begin{array} { r } 1 \\ - 3 \\ 2 \end{array} \right]$ and $D = \left[ \begin{array} { r } - 1 \\ 3 \\ 2 \end{array} \right]$ . Find $C - 3 D$ .

• A)
• \(\left[\begin{array}{r}
• -4 \\
• 12 \\
• 4
• \end{array}\right]\)
• B)
• \(\left[\begin{array}{r}
• -2 \\
• 6 \\
• -4
• \end{array}\right]\)
• C)
• \(\left[\begin{array}{r}
• 4 \\
• -6 \\
• 4
• \end{array}\right]\)
• D)
• \(\left[ \begin{array} { r } 4 \\ - 12 \\ - 4 \end{array} \right]\)

Determine quasi-fixed costs from given cost function information.

Calculate the optimal level of production for competitive firms given market prices.

Understand the importance of technology choice in a firm's ability to compete in the market.

Comprehend how the structure of cost curves relates to firm decisions in both the short run and long run.

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Definitions:

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Total Variable Cost

Total Variable Cost is the sum of all costs that vary with the level of production or output, including materials, labor, and other expenses that change in proportion to activity.

Fixed Cost

Fixed cost refers to expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Marginal Cost

The additional expenditure required to produce one more unit of a product or service.