Suppose the technology matrix for a closed model of a simple economy is given by matrix A.

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Suppose the technology matrix for a closed model of a simple economy is given by matrix A. Find the gross productions of the industries.

NP H 0.4 0.3 0.4 Profit A = 0.2 0.4 0.2 Nonprofit 0.4 0.3 0.4 Households

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Oct 08, 2020 07:24 AM

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Suppose the technology matrix for a closed model of a simple economy is given by matrix A.

Question:

NP H 0.4 0.3 0.4 Profit A = 0.2 0.4 0.2 Nonprofit 0.4 0.3 0.4 Households

Step by Step Answer:

The technological equation is I AX 0 The augmented matrix to be solve...View the full answer

Mathematical Applications For The Management, Life And Social Sciences

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