Given $\mathbf { u } = \langle 10,5 \rangle$ And $\mathbf { v } = \langle 3,4 \rangle$

question 89

Essay

Given $\mathbf { u } = \langle 10,5 \rangle$ and $\mathbf { v } = \langle 3,4 \rangle$ , calculate $\operatorname { proj } _ { \mathbf { v } } \mathbf { u }$ and then resolve $\mathbf { u }$ into $\mathbf { u } _ { 1 }$ and $\mathbf { u } _ { 2 }$ .

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Definitions:

Efficient Economy

An economy that optimally allocates its resources, producing the maximum amount of goods and services possible from its input resources.

Consumers Demand

The desire of purchasers, consumers, or clients for a particular commodity or service supported by purchasing power.

Least Possible Cost

The minimum expenditure necessary to achieve a specific outcome or procure a good or service, often used in the context of production or economic theory.

Positive Economics

The branch of economics that focuses on objective analysis and facts to describe how economies actually work.