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If $\lambda$ and $\mu$ are eigenvalues of two $n \times n$ matrices $A$ and $B$ respectively, then $\mu\lambda$ is an eigenvalue of $AB$. True or false? Give reason.

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    @ArturoMagidin Thank you for your guideline. I'll keep these things in mind. By the way, this is not homework. I took admission in an open university and I am learning mathematics all by myself. There is no one around me who can teach me a single concept. That's why sometimes I asked simple questions which I encountered in my learning process.2012-04-12

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False. Take $A=[ {1\atop 0}{0\atop 0}]$ and $B=[ {0\atop 0}{0\atop 1}]$. $\lambda=1$ is an eigenvalue of both $A$ and $B$, but $AB$ is the zero matrix.

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False. In addition to David's explicit counter-example, here's a naive counting argument: There are (typically) $n^2$ different products $\lambda\mu$, but only $n$ eigenvalues of $AB$.