Solve systems of linear equations
Compare and contrast all techniques used to solve systems of linear equations (substitution, elimination and matrix).
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A firm that has total fixed costs of $40,000 sells its output for $250 per unit and has an average variable cost of $150. If the firm's cost and revenue curves are linear, how much output must the firm produce to break even?
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Compare and contrast all techniques employed to solve systems of the linear equations (substitution, elimination and matrix).
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