Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Let x be the gross production of products , and let y be the gross production of machinery and X= [ y x ] we

Let x be the gross production of products , and let y be the gross production of machinery and X= [ yx ]

  • we have D =[588] and A = [0.20.60.20.2] so X should satisfy the equation X=AX + D then (I2- A)X= D where (I2- A) =[0.210.610.20.2] = [0.20.40.80.2]
  • then [0.2x+0.8y0.4x0.2y] = [588] thus 0.4x - 0.2y = 88 and - 0.2x + 0.8y = 5
  • then 2x - y = 440 (Eq1) and - x+ 4y = 25 (Eq2)
  • 4(Eq1) + (Eq2) => 7x = 1785 thenx= 255andy= 2x-440 = 70

Hence:

  • products255units
  • machinery70units

I get confused on this step

  • then 2x - y = 440 (Eq1) and - x+ 4y = 25 (Eq2)

how do we get those equations

also how do you come up with this part

  • 4(Eq1) + (Eq2) => 7x = 1785 thenx= 255andy= 2x-440 = 70

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Intelligence

Authors: Jerzy Surma

1st Edition

1606491857, 9781606491850

More Books

Students also viewed these Economics questions

Question

What are some disadvantages of issuing bonds?

Answered: 1 week ago

Question

Pollution

Answered: 1 week ago

Question

The fear of making a fool of oneself

Answered: 1 week ago