Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose that in a certain local economy we have natural gas and coal industries To produce one dollar in output each industry needs the following

image text in transcribed
image text in transcribed

Suppose that in a certain local economy we have natural gas and coal industries To produce one dollar in output each industry needs the following input The natural gas industry requires 0 2 from itself and 0 3 from coal The coal industry requires 0 8 from natural gas and 0 1 from itself all a12 Find the input output matrix A of this economic system where A Assume the first row and column correspond to the natural gas industry and the a21 a22 second row and column correspond to the coal industry Write the exact answer Do not round Answer all a12 a21 Keypad Keyboard Shortcuts m Tables

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

Multiobjective Programming And Planning

Authors: Jared L Cohon

1st Edition

048615307X, 9780486153070

More Books

Students also viewed these Mathematics questions

Question

Do I want people to be more like me?

Answered: 1 week ago

Question

What is the effect of word war second?

Answered: 1 week ago