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Let A={0,1,2,3}A = \{ 0,1,2,3 \} And Define a Relation RR On AA

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Essay

Let A={0,1,2,3}A = \{ 0,1,2,3 \} and define a relation RR on AA as follows: R={(0,2),(0,3),(2,0),(2,1)}R = \{ ( 0,2 ) , ( 0,3 ) , ( 2,0 ) , ( 2,1 ) \} .
(a) Draw the directed graph of RR .
(b) Is RR reflexive? Explain.
(c) Is RR symmetric? Explain.
(d) Is RR transitive? Explain.

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Definitions:

Quantity Demanded

The amount of a good or service that consumers are willing and able to purchase at a specific price.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing to buy at different prices.

Profit-maximizing

A strategy or approach aimed at achieving the highest possible profit from business operations.

Nondiscriminating Monopolist

A monopolist that charges all consumers the same price for its product, regardless of the market segment or consumer willingness to pay.

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