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@ Points: 0.5 of 1 An economy depends on two basic products, wheat and oil. To produce 1 metric ton of wheat requires 0.24 metric
@ Points: 0.5 of 1 An economy depends on two basic products, wheat and oil. To produce 1 metric ton of wheat requires 0.24 metric tons of wheat and 0.32 metric tons of oil. Production of 1 metric ton of oil consumes 0.08 metric tons of wheat and 0.11 metric tons of oil. Find the production that will satisfy a demand for 550 metric tons of wheat and 810 metric tons of oil. 0.24 0.08 0.32 0.11 The input-output matrix is A= - -5 |:| metric tons of wheat is required to satisfy the demand. (Round the final answer to the nearest whole number as needed. Round the elements of the inverse matrix to two decimal places as needed.)
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