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An cconomy is based on Energy (E) and Transportation (T). In order to produce a dollar's worth of output from the energy sector, input of $0.20 form energy and $0.35 from transportation is needed. For a dollar's worth of output from the transportation sector, input of $0.30 from energy and $0.15 of transportation is needed. The input output matrix describing this economy is E E0.20 0.30 Т 0.35 0.15 Find the total output, to satisfy a consumer demand of $80 million worth of Energy and $100 million worth of Transportation.

An cconomy is based on Energy (E) and Transportation (T). In order to produce a dollar's worth of output from the energy sector, input of $0.20 form energy and $0.35 from transportation is needed. For a dollar's worth of output from the transportation sector, input of $0.30 from energy and $0.15 of transportation is needed. The input output matrix describing this economy is E E0.20 0.30 Т 0.35 0.15 Find the total output, to satisfy a consumer demand of $80 million worth of Energy and $100 million worth of Transportation.

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter9: Systems Of Equations And Inequalities
Section: Chapter Questions
Problem 21T
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An cconomy is based on Energy (E) and Transportation (T). In order to produce a dollar's worth of output from the energy sector, input of $0.20 form energy and $0.35 from transportation is needed. For a dollar's worth of output from the transportation scctor, input of $0.30 from encrgy and $0.15 of transportation is needed. The input output matrix describing this cconomy is E T E 0.20 0.30 0.35 0.15 Find the total output, to satisfy a consumer demand of $80 million worth of Energy and $100 million worth of Transportation.
Transcribed Image Text:An cconomy is based on Energy (E) and Transportation (T). In order to produce a dollar's worth of output from the energy sector, input of $0.20 form energy and $0.35 from transportation is needed. For a dollar's worth of output from the transportation scctor, input of $0.30 from encrgy and $0.15 of transportation is needed. The input output matrix describing this cconomy is E T E 0.20 0.30 0.35 0.15 Find the total output, to satisfy a consumer demand of $80 million worth of Energy and $100 million worth of Transportation.
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