28. An industrial system has two industries with the following inputrequirements.(a) To produce $1.00 worth of output, Industry A requires$0.30 of its own product and $0.40 of Industry B'sproduct.(b) To produce $1.00 worth of output, Industry B requiress0.20 of its own product and S0.40 of Industry A'sproduct.Find D, the input-output matrix for this system. Then solve forthe output matrix X in the equation X = DX + E, where theexternal demand is50,00030,000

Answered: Image /qna-images/answer/0c8fcd69-fc96-46a8-a5f6-dbc687502448.jpg

28. An industrial system has two industries with the following input requirements. (a) To produce $1.00 worth of output, Industry A requires S0.30 of its own product and S0.40 of Industry B's product. (b) To produce S1.00 worth of output, Industry B requires $0.20 of its own product and $0.40 of Industry A's product. Find D, the input-output matrix for this system. Then solve for the output matrix X in the equation X = DX + E, where the external demand is -[50,000 E =

28. An industrial system has two industries with the following input requirements. (a) To produce $1.00 worth of output, Industry A requires S0.30 of its own product and S0.40 of Industry B's product. (b) To produce S1.00 worth of output, Industry B requires $0.20 of its own product and $0.40 of Industry A's product. Find D, the input-output matrix for this system. Then solve for the output matrix X in the equation X = DX + E, where the external demand is -[50,000 E =

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 24EQ: Suppose the coal and steel industries form a closed economy. Every $1 produced by the coal industry...

See similar textbooks