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Applied Linear Algebra for Business, Economics and Finance

Applied Linear Algebra for Business, Economicsand FinanceNathaniel KarstDivision of Mathematics and ScienceBabson CollegeJanuary 22, ..51 An introduction to Linear Linear systems and their solutions .. systems to matrices .. row echelon form .. variables .. Matrix arithmetic .. Industries .. arithmetic rules .. 202 Discrete-time Converting Customers .. or repeat? .. eigenvectors .. Critical Parameters .. Rate .. attrition rate .. conversion rate .. 413 The matrix Leontief Input-Output Model .. matrix inverse.

either of linear equations above are exactly the solutions to the linear equation in question. It stands to reason then that if we plot the two lines and they have an intersection, then the (p;q) pair representing the intersection simultaneously satisfy both equations. Figure 1.1: Our linear supply and demand models have a unique equilibrium price.

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