Compute the Determinant of the Matrix Without Using a Calculator

question 54

Multiple Choice

Compute the determinant of the matrix without using a calculator. If the determinant is zero, write singular matrix.

• A) 33
• B) -32
• C) 32
• D) singular matrix

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Definitions:

Producer Surplus

The difference between the amount a producer receives from the sale of a product and the minimum amount they would be willing to accept for that product; essentially a measure of producer profitability and well-being.

Market Price

The existing cost for acquiring or disposing of an asset or service in a designated market.

Competitive Market

A market structure characterized by many buyers and sellers, freedom of entry and exit, and products that are similar, leading to competition driving prices to equilibrium.

Lowest Price

the minimum price at which a product or service is offered in the market.