Systems of Equations : Supply and Demand Equatons, Gaussian Elimination and Computer Applications
Not what you're looking for?
1) Solve the following system of equations that model supply and demand for a product:
p - q = 0 ( supply equation )
cp - q = -1 ( demand equation )
where p = price and q = quantity
Solve first when c = 0.999 and a second time when c = 1.001. What does the difference in solutions suggest about the importance of having highly accurate coefficients in the system? Remembering that this is a model of supply and demand, are there any solutions that can be tossed out? Why?
2) What is Gauss Elimination? Write a brief summary of what this is. For what type of systems of equations is the Gauss Elimination technique best suited? Why?
3) What computer applications can be used to graph systems of equations? In what circumstances does it make more sense to graph a system than to use the substitution, elimination, or matrix methods?
---
(See complete problem in attached file)
Purchase this Solution
Solution Summary
Systems of Equations, Supply and Demand Equatons, Gaussian Elimination and Computer Applications are investigated. The solution is detailed and well presented. The response received a rating of "5" from the student who originally posted the question.
Purchase this Solution
Free BrainMass Quizzes
Exponential Expressions
In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.
Know Your Linear Equations
Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.
Probability Quiz
Some questions on probability
Solving quadratic inequalities
This quiz test you on how well you are familiar with solving quadratic inequalities.
Geometry - Real Life Application Problems
Understanding of how geometry applies to in real-world contexts