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4 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Simultaneous linear equation is in the form: |
ax + by = c |
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Types of simultaneous linear equation results: |
1. A unique solution 2. No solution (parallel lines) 3. Infinite number of solutions (confounded lines) |
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At equilibrium: |
1. Qd = Qs = Q 2. Pd = Ps = P so: a - bQ = a + bQ |
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At breakeven: |
1. Tc = TR 2. Pi = 0 (Pi = TR - Tc) |
Tc > TR ===> loss Tc < TR ===> Gain |
