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1. Consider the following incomplete technology matrix for an economy consisting of 3 sectors: (1) television shows, (2) radio shows, and (3) podcasts: [0.01 0.2 a A = 0.25 0.32 (a) How many units of radio shows are needed to produce 1 unit of television shows? (b) Suppose that it takes 0.3 units of podcasts to produce 1 unit of radio shows. Can we use this information to find one of the missing values in the technology matrix? If so, what is the missing value?

1. Consider the following incomplete technology matrix for an economy consisting of 3 sectors: (1) television shows, (2) radio shows, and (3) podcasts: [0.01 0.2 a A = 0.25 0.32 (a) How many units of radio shows are needed to produce 1 unit of television shows? (b) Suppose that it takes 0.3 units of podcasts to produce 1 unit of radio shows. Can we use this information to find one of the missing values in the technology matrix? If so, what is the missing value?

Algebra for College Students
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter12: Algebra Of Matrices
Section12.3: M X N Matrices
Problem 50PS
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1. Consider the following incomplete technology matrix for an economy consisting of 3 sectors: (1) television shows, (2) radio shows, and (3) podcasts: Го.01 0.2 a A = 0.25 0.32 d. 0. (a) How many units of radio shows are needed to produce 1 unit of television shows? (b) Suppose that it takes 0.3 units of podcasts to produce 1 unit of radio shows. Can we use this information to find one of the missing values in the technology matrix? If so, what is the missing value?
Transcribed Image Text:1. Consider the following incomplete technology matrix for an economy consisting of 3 sectors: (1) television shows, (2) radio shows, and (3) podcasts: Го.01 0.2 a A = 0.25 0.32 d. 0. (a) How many units of radio shows are needed to produce 1 unit of television shows? (b) Suppose that it takes 0.3 units of podcasts to produce 1 unit of radio shows. Can we use this information to find one of the missing values in the technology matrix? If so, what is the missing value?
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