Exam 2 - Mathematics 205B&C: Finding Equilibrium Prices, Basis, and Eigenvalues, Exams of Linear Algebra

The third page of an economics exam focusing on linear algebra concepts such as finding equilibrium prices, basis, eigenvalues, and diagonalizability for given matrices. Students are required to find the reduced row echelon form, null space, and eigenvectors of specific matrices.

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2012/2013

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. Math 205B&C Name Exam 2 page 1 03/20/09
1. Suppose an economy is modeled ,"lith four sectors A, B, C, and D. Suppose that the entire output
of D is consumed equally by the other three sectors, and the output of A is equally consumed by all four
sectors. Suppose that BCOllSumesnone of its output, while half of it is used by D, 1/8 is used by A and
the remainder goes to C. Finally, A uses none of C~soutput, Buses 1/8 of C~soutput, D uses twice what
Bdoes, and Cconsumes the rest.
lB. Find the complete set {PA, PB, Pc, PD} of equilibrium prices for this economy. Write down any
system of equations and augmented matrices you use in solving this problem. (Note well: if you need to
enter 1/3 into your calculator as a matrix entry, do it as "1 -7- 3" rather than entering 0.333 or some such
bad deeimal approximation). Use fractions in your answers, not decimals.
IC. Suppose PD is 100 dollars. R.ank all four equilibrium prices from least to greatest.
(fh-. s'- t~~ -leif/!: )-~ <~ <: Po <::PCo
<--
(Iki& :f, =111 ~
DIt? P
('
It/IJ /lJ fII~l'I'f.
Pott I~,)
.
IA. Find the exchangetable for this economy.You may assume all columnssum to one.
fJ Ec0
Y<-I Yg 0f1
Yl{ 0)Ig Y3 l3
Vtl j'g fg 71 C
Vlj 1'2.. y00
ScJve;{ ;:hf!.J +hPu +D !s/ iM eorj I0I()
==JTO + /g J r;, PII11M&( fJtJ/IX -I tI 0
:=Y'1 t i- fg +t .. ls I0
PD: 7 t Yz.'" TOPv ....J, Y'1 -/ I 0
rou rtJuCt(h r I 0-10°f?, I"
0
DI0-J2g/I??1 ()
00J-3'Z./I??1 0
/00 .. LD 0000
r .4=;'%1>
fC¥j V, ff'g: !Y. f'.. w lee.
/';1 P
-: 35Z P.
I'n 0
pf3
pf4
pf5

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. Math 205B&C Name (^) Exam 2 page 1 (^) 03/20/ 1. Suppose an economy is modeled ,"lith four sectors A, B, C, and D. Suppose that the entire output

of D is consumed equally by the other three sectors, and the output of A is equally consumed by all four sectors. Suppose that B COllSumesnone of its output, while half of it is used by D, 1/8 is used by A and the remainder goes to C. Finally, A uses none of C~s output, Buses 1/8 of C~soutput, D uses twice what B does, and C consumes the rest. lB. Find the complete set {PA, PB, Pc, PD} of equilibrium prices for this economy. Write down any system of equations and augmented matrices you use in solving this problem. (Note well: if you need to enter 1/3 into your calculator as a matrix entry, do it as "1 -7- 3" rather than entering 0.333 or some such bad deeimal approximation). Use fractions in your answers, not decimals. IC. Suppose PD is 100 dollars. R.ank all four equilibrium prices from least to greatest.

(fh-. s '- t~~ -lei f/!: ) -~ <~^

Po <:: P Co <-- (

Iki& :f, = 111 ~

D It? P (' It/IJ /lJ fII~l'I'f.

Po tt I~,)

.

IA. Find the exchangetable for this economy.You may assume all columnssum to one.

fJ (^) E c 0 Y<-I Yg 0 f Yl{ 0 )Ig^ Y3^ l Vtl j'g^ fg^71 C Vlj 1'2..^ y^0 ScJve;{ ;: hf!.J +h Pu + D !s/ iM eorj I (^0) I () == J T O + /g J r;, PII11M&(^ fJtJ/IX^ -I^ t^ I^0 := Y'1 t i- fg +t .. ls I 0 PD: 7 t Yz.'" TOPv ....J, Y'1^ -/^ I 0 rou rtJuCt(h r I^0 (^0) -10°f?, I " D I^0 -J2g/I??1 () 0^0 J /00 ..^ LD 0 -3'Z./I??1^^0 0 0 0

r .4=;'%1>

fC¥j V, f f'g: !Y. f'.. /';1^ P w^ lee. -: 35Z P. I'n 0

. Math 205B&C (^) Name (^) Exam 2 page 2 03/20/

, .

[

2 7 10 10 4

J [ 1 0 0

  1. 010

  2. Let A = 2 11 11 35 7 ; then the reduced row echelon form of AIS R = 0 0 1

3 10 16 13 9 0 0 0 Find a basis for each of the following:

-21 -

J 6 0

1 3' 0 0

a) CoI(A) f

b) Col(R)

UJ,UIOJ}

irJ:

to ;£. Ic, ", (: 41 -k- (In elL- ~) ~ JoJ./~ ~

Ik lUllfliU: I

e) What is the rank of A? (]) ;L "'<>fn;.-)

f) Explain why Gal(A) cannot be the sanle as Col(R) here.

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2

J

Bj /I~ell" Wn b~~,~ 1 4 edr/hI!)!. j ~ 11th,( £iYI ;. ~ ; ~ ftvt. J II; [

2

]

[

  1. ().

j;(M. J. t'h,~ i £ fol(d) J 1] I ~/It)I kPl~ ;t h oJ. ft?aJCk

fWf i. .s;t1nt~.

[

J [

1 0 0 -21 -

J

Now let B = 1 3 5 2 2 ; it's true that RREF(B) is S = 0 1 0 6 0

'"

c) Nul(A) 2\

-lP

-l I D n. 0

0 I d) Nul(R) .fa tile Vto /<... S/~('C

{d j I»;:0 /J .> .>

I) X ::: 0 , g) EJ..'Plain why Col(B) and Col(S) are equal here, as they are both JR3. (Think about whether you can always solve Mx = b for any bE JRa, where M is either matrix).. !J/"IC.f, RREF (g) ~ M rvw I J{ tel, ) g X='1: ~ p. 1)1: ~ tr (!IVY Ie:c II?~

J1,vs /~ ra~ j i CI/rlM'" j IS tC /R;. ~~ CuI(8)=/«

Cl£fff<.L f i. CIJlV/'llIl~ 1 ARff(B) .s;1I~ !J(3) (g ~/(/(/(£f/I1)) = IR) M wt/~. HeNLe- ~Jfa):== tol(If!<.f:F{fl)). Lf!0P: h) In this problem, . is a basis for Col(B) also one for Col(S) and vice versa? Ii' \A (^) '

. " "-

t L/hef'\tv" TfljS 1'tJ. .~r;,'nCLCf?I{fJ):::(o/{s)" II If. ~JR Wr ()(Pr~fk art E:CfvAL

--- - /~ ',j I

~ \ 2 J I t- JI /" J

.

( )

... 1t~1'l' 7titlE ~,..

l L ~, t J 1}1 Ct&n!6 j ~z S ;:;t Jr!.. ~"L:. 71t1JE:iJr

'Math 205B&C Name Exam 2 page 4 03/20/

..

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]

  1. Let H be the subset of JRaconsisting of all vectors of the form a = ~. ,where a can be any real a: nUlllber.. Is H a subspace of JR3?For each of the three parts of the definition of a subspace, state that part of the definition and then prove H passes that palt, or give a counterexample to show why it fails that part. ~

[

D

] [

OZ.

)

, ..> U

i) [kit ntd DE.I-Il. JI'k () = ~ = ~1 Sf? //lc:ltu{ D E f f.

ii) ~^ )lp"tI: 6r' tf:Y d. a-I ~ /n HJ ~'r- .(vhl iL +~ mvrl" ~ ~ /~ J{

iii)

~ tLc [n a.J V= OJ ) (0 it g;3 ~ U/~ JI!

) ~

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]

r S- ]

.

(,LtV:: ~ t.' =:Lr ~II Sifr:€..j~'iJnoc S- 0',( J'-2f/~'1)

~ ~ [k-:;~ ~ /I a...I ~ ~cA 0( 6ft, f!,,d oltt ~ II : J -

/;): it" [~] a.J d= J, ~ if- ('II) bvt

cj1l :: 3 [Uc [!] ¥JI Jtac~ tY/

(M (112'1)

(y !I frv~ U frIJ ~i) il (;) j 111A'i£;. )

'Math 205B&C

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J

5. Let AI = Ole. 005

Name (^) Exam 2 page 5 (^) 03/20/

\i\lhat is the determinant of IvI? I :<0 I = 'i -I.!) S//Jce;Y/ h t/f/Rr ft,ivt;~~

Now, find the determinants of each of the following matrices and write your answers in the boxes.

31: Is~o I JM

~ rrM /I ~ fI1()Jtflitl, 3 J

50 3 -3.3,

JV[3 I~I

tUt 01) = f:td t11 ) 3

2),,1 + 313

[

J

8 1 + 2a c + 2b - 0.4 a/IO b/l0 ILl

M ~ ft)IJ e/f.v;"aAJ fr; -JIll! ~ ;L J)Iow, "I" (J) ati/. lr, .;." ~ ;11 tV) (Y)y)c1-r-/~~) 0) Jvr rw~ ,,3 (';] I~de! (j) (,/.t cJ-,u ftJ/I)

(J) v6i~ (fN:I In (j) 1, If) (id. dwr ky 10)

.: 20 -(1.) -M- ffl '" -2-

[MJ !It! dd(Z/YI) 1" Mt(3I,) (

WcA 2M t 11) it> s/m(/' [

-. 8 2~ 2h

.l (

'3> t1 O

J

d D Z 2c. +. ~ () 0 0 10 v 01.1.

L

1 *" ~

1

. ( .J. J 0 S y. i /h IIffu tflA"J//{It'j~v

0 0 II

ik #-. h 1/-5'/3 ~ 1-/~ (1'.1(1')-

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4 a b

J

Ole 8 2a 2b

(fhi< ...,.tIId.ME /ZI~ ~$ r .,,"'1)

M SArk) tJi( 1M, I> (1)-

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t'JtA,f. 717 () 0 0 ( c CJ ] ) St7 6t

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