An industrial system has two industries with the following input requirements. (a) To produce $1.00 worth...
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An industrial system has two industries with the following input requirements. (a) To produce $1.00 worth of output, Industry A requires $0.30 of its own product and $0.50 of Industry B's product. (b) To produce $1.00 worth of output, Industry B requires $0.40 of its own product and $0.10 of Industry A's product. Find D, the input-output matrix for this system. B D= 0.3 X = 0.4 0.5 0.1 Solve for the output matrix X in the equation X = DX + E, where E is the external demand matrix E = A A B B 10,000 20,000 (Round to the nearest whole number.) An industrial system has two industries with the following input requirements. (a) To produce $1.00 worth of output, Industry A requires $0.30 of its own product and $0.50 of Industry B's product. (b) To produce $1.00 worth of output, Industry B requires $0.40 of its own product and $0.10 of Industry A's product. Find D, the input-output matrix for this system. B D= 0.3 X = 0.4 0.5 0.1 Solve for the output matrix X in the equation X = DX + E, where E is the external demand matrix E = A A B B 10,000 20,000 (Round to the nearest whole number.)
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Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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