Write the System of Equations in Matrix Form $$\left\{ \begin{array} { l } a - 3 b + c = 7 \\4 a - 1 b + c = 1 \\a + b + 2 c = 7 \\a + c + a = 0\end{array} \right.$$

question 77

Essay

Write the system of equations in matrix form. $$\left\{ \begin{array} { l } a - 3 b + c = 7 \\4 a - 1 b + c = 1 \\a + b + 2 c = 7 \\a + c + a = 0\end{array} \right.$$

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Definitions:

Total Cost

The complete expenditure incurred by a firm in the production of goods or services, including both fixed and variable costs.

Product Demand

The desire and willingness of consumers to purchase a specific quantity of a good or service at a given price.

Price Elasticity

An estimation of the change in demanded quantity of a product in response to its price movements, signifying how prone consumers are to price changes.