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2.4 Elementary Matrices

2.4 Elementary Matrices. Definition. An (n x n) matrix is an elementary matrix if it is obtained from the identity matrix by a single elementary row operation. Elementary row operations: Type I: Interchange two rows. Type II: Multiply a row by a non-zero constant.

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Indifference map & budget line. Y. Y i. r. Infeasible region. s. I 5. t. Y 1. I 4. I 3. u. I 2. v. I 1. feasible region. Y. O. X i. X 1. Optimal point : Where the budget line is tangent to the highest indifference curve.

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2.4 Elementary Matrices

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