Find the Matrix Product, If Possible $$\left[\begin{array}{rr}-1 & 3 \\5 & 4\end{array}\right]\left[\begin{array}{lll}0 & -2 & 4 \\1 & -3 & 2\end{array}\right]$$

question 106

Multiple Choice

Find the matrix product, if possible.
- $$\left[\begin{array}{rr}-1 & 3 \\5 & 4\end{array}\right]\left[\begin{array}{lll}0 & -2 & 4 \\1 & -3 & 2\end{array}\right]$$

• A) \( \left[\begin{array}{rrr}3 & -7 & 2 \\ 4 & -22 & 28\end{array}\right] \)
• B) \( \left[\begin{array}{rrr}3 & 4 & -7 \\ -22 & 2 & 28\end{array}\right] \)
• C) \( \left[\begin{array}{rr}0 & -6 \\ 12 & 5 \\ -12 & 8\end{array}\right] \)
• D) Does not exist

Understand the concepts of homothetic preferences and their implications for consumer demand.

Interpret the compensated demand function and its relevance to consumer theory.

Grasp the difference between the Slutsky and Hicks decomposition of the substitution effect.

Recognize the impact of changes in prices and income on consumption bundles with respect to different types of preferences (strictly convex, perfect substitutes, and perfect complements).

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