Finite-dimensional vector space
Let T be the linear operator on finite-dimensional vector space V. Prove that T is diagonalizable if and only if V is the direct sum of one-dimensional T-invariant subsapces.
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Suppose that employees are forced to retire after the 45 years and have an annual MRPL of $15,000. Would the existing earnings structure and length of work life be consistent with the firm's profit-maximizing behavior?
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