Agriculture Manufacturing Households Agriculture 0.245 0.102 0.051 Manufacturing 0.099 0.291 0.279 Households 0.433 0.372 0.011 2.6 Suppose the demand matrix (in billions of dollars) is D = 30.3 34.1 Find the amount of each commodity that should be produced

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.EA: Extended Application Using Extrapolation To Predict Life Expectancy
Problem 1EA
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A simplified version of Leontief's analysis of the 1947 American economy has the following input-output
matrix:
Agriculture
Manufacturing
Households
Agriculture Manufacturing
0.245
0.099
0.433
0.102
0.291
0.372
Households
0.051
0.279
0.011
Suppose the demand matrix (in billions of dollars) is D =
2.6
30.3
[34.1_
Find the amount of each commodity that should be produced
Transcribed Image Text:A simplified version of Leontief's analysis of the 1947 American economy has the following input-output matrix: Agriculture Manufacturing Households Agriculture Manufacturing 0.245 0.099 0.433 0.102 0.291 0.372 Households 0.051 0.279 0.011 Suppose the demand matrix (in billions of dollars) is D = 2.6 30.3 [34.1_ Find the amount of each commodity that should be produced
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ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,