Let A be the technology matrix A = 0.4 0.06 0.6 0.01, where Sector 1 is paper and Sector 2 is wood. Fill in the missing quantities. (a) units of wood are needed to produce one unit of paper. (b) units of paper are used in the production of one unit of paper. (c) The production of each unit of wood requires the use of units of paper.
Let A be the technology matrix A = 0.4 0.06 0.6 0.01, where Sector 1 is paper and Sector 2 is wood. Fill in the missing quantities. (a) units of wood are needed to produce one unit of paper. (b) units of paper are used in the production of one unit of paper. (c) The production of each unit of wood requires the use of units of paper.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter9: Systems Of Equations And Inequalities
Section9.7: The Inverse Of A Matrix
Problem 26E
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Question
Let A be the technology matrix
A =
,
where Sector 1 is paper and Sector 2 is wood. Fill in the missing quantities.
|
0.4 | 0.06 |
|
||
0.6 | 0.01 |
(a)
units of wood are needed to produce one unit of paper.
(b)
units of paper are used in the production of one unit of paper.
(c)
The production of each unit of wood requires the use of units of paper.
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