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Problem Set Solving Systems of Linear Equations: Hide Solutions

This document discusses solving systems of linear equations through elimination and setting prices to equate supply and demand for two goods. It provides examples of solving systems of equations with 2, 3 and 4 variables through elimination. It also shows how to set the price of two goods by setting their supply and demand functions equal and solving the resulting system of equations. The solutions provide the equilibrium prices and quantities for each good.

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Jommel Gonzales
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138 views8 pages

Problem Set Solving Systems of Linear Equations: Hide Solutions

This document discusses solving systems of linear equations through elimination and setting prices to equate supply and demand for two goods. It provides examples of solving systems of equations with 2, 3 and 4 variables through elimination. It also shows how to set the price of two goods by setting their supply and demand functions equal and solving the resulting system of equations. The solutions provide the equilibrium prices and quantities for each good.

Uploaded by

Jommel Gonzales
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Problem Set

Solving Systems of Linear Equations


HIDE SOLUTIONS

1.  Solve the following system of equations by elimination.

            

Answer: x = .5; y = 1.67

Solution:

Rewrite in order to align the x and y terms

            

Add the second equation to the first equation and solve for x.

            

Substitute the value obtained for x into either of the original equations.

            

            or

            

2.  Solve the following system of equations by elimination.


            

Answer: x = -2; y = 5

Solution:

Multiply the first equation by 2.

            

Subtract the first equation from the second equation and solve for y.

            

Substitute the value obtained for y into either of the original equations.

            

            or

            

3.  Solve the following system of equations by elimination.

                          2 x1 +3 x 2+ 2 x 3=¿3        1st original equation

                          4 x1 −5 x 2 +5 x 3=−7      2nd original equation

                         −3 x 1+7 x 2−2 x 3=5       3rd original equation

Answer: x1 = 2; x2 = 1; x3 = -2

Solution:

Part A First eliminate x3.


Step 1. Add the 1st original equation and the 3rd original equation.

            

                        +

            

                        =

            

Step 2. Multiply the 2nd original equation by 2, multiply the 3rd original equation by
5 and add the 2nd original equation to the 3rd original equation.

           

                       +

           

                       =

           

Part B. From Part A there are two new equations.

                              1st new equation

                          2nd new equation

Step 1. Multiply the 1st new equation by 7, subtract the second new equation from the
first new equation, and solve for x2.

           

                     _

=
           

Part C. Solve for x1 by substituting the value received for x2 in either of the new
equations in Part B.

                                1st new equation

           

           or

                               2nd new equation

           

Part D. Solve for x3 by substituting the values obtained for x1 and x2 in any of the
original equations.

                       1st original equation

            

            

            

            or

                     2nd original equation

            

            

            

            or

                     3rd original equation


            

            

            

4.  A cement company produces two kinds of water proofing cement which are sold at
prices of p1 dollars and p2 dollars each kilogram.  The supply and demand functions in
units for the items are as follows:

            P(s1) = the supply function for the first item.

                        

            P(d1) = the demand function for the first item.

                        

            P(s2) = the supply function for the second item.

                        

            P(d2) = the demand function for the second item.

                        

How should prices be set for each item to equate supply and demand?  What are the
equilibrium quantities for each item?

Answer:   The price of the first item should be set at $1.80 and the price of the second
item should be set at $1.50.  The equilibrium quantity for the first item is 82 units and
the equilibrium quantity for the second item is 181 units.

Solution:

Part A.

Step 1. Set the supply function for item 1 equal to the demand function for item 1 and
collect terms.

           P(s1)  = P(d1)


           

           

Step 2. Set the supply function for item 2 equal to the demand function for item 2 and
collect terms.

            P(s2)  = P(d2)

            

            

Part B. From Part A the following system of equations has been obtained.

Solve this system for the prices by elimination.

                             1st equation from Part A

                         2nd equation from part A

Step 1. Multiply the 1st equation by 7 ,add the 1st and second equations, and solve for
p1.

            

                        +

            

                        =

            

            

Step 2 . Substitute the value obtained for p1 in either equation from Part A and solve
for p2.

                            1st equation from Part A

           
           

           

           

           or

                        2nd equation from part A

            

            

            

Part C. Determine equilibrium for each item by substituting the prices obtained in Part
B in either the demand function or the supply function.

For item 1

            

            

            

            or

            

            

            

For item 2

            

            
            

            or

            

            

            

[Index]

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