2. The prices, in dollars per unit, of the three commodities X, Y and Z are x, y and z, respectively Person A purchases
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
2. The prices, in dollars per unit, of the three commodities X, Y and Z are x, y and z, respectively Person A purchases
2. The prices, in dollars per unit, of the three commodities X, Y and Z are x, y and z, respectively Person A purchases 4 units of Z and sells 3 units of X and 3 units of Y. Person B purchases 3 units of Y and sells 2 units of X and 1 unit of Z. Person purchases 1 unit of X and sells 4 units of Y and 6 units of Z. In the process, A, B and Cearn $40, $50, and $130, respectively. a) Find the prices of the commodities X, Y, and Z by solving a system of linear equations (note that selling the units is positive earning and buying the units is negative earning). [10]
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!