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Example 5: Change of Price Vector
In economics the price vector may change with time and thus be a vector valued function of t. Find the price vector function P(t) for three commodities such that the first commodity has price t2, the second has price t + 1, and the price of the third commodity is the sum of the other two (f ≥ 0). The answer is P(t) = t2i + (t + 1)j + (t2 + t + 1)k.
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Home Vectors Vector Valued Functions Examples Example 5: Change of Price Vector |