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An economy depends on two basic products, wheat and oil. To produce 1 metric ton of wheat requires 0.26 metric tons of wheat and 0.33 metric tons of oil. Production of 1 metric ton of oil consumes 0.08 metric tons of wheat and 0.12 metric tons of oil. Find the production that will satisfy a demand for 560 metric tons of wheat and 0.26 0.08 910 metric tons of oil. The input-output matrix is A = 0.33 0.12 metric tons of wheat is required to satisfy the demand. (Round the final answer to the nearest whole number as needed. Round the elements of the inverse matrix to two decimal places as needed.)

An economy depends on two basic products, wheat and oil. To produce 1 metric ton of wheat requires 0.26 metric tons of wheat and 0.33 metric tons of oil. Production of 1 metric ton of oil consumes 0.08 metric tons of wheat and 0.12 metric tons of oil. Find the production that will satisfy a demand for 560 metric tons of wheat and 0.26 0.08 910 metric tons of oil. The input-output matrix is A = 0.33 0.12 metric tons of wheat is required to satisfy the demand. (Round the final answer to the nearest whole number as needed. Round the elements of the inverse matrix to two decimal places as needed.)

Elementary Linear Algebra (MindTap Course List)
Elementary Linear Algebra (MindTap Course List)
8th Edition
ISBN:9781305658004
Author:Ron Larson
Publisher:Ron Larson
Chapter2: Matrices
Section2.6: More Applications Of Matrix Operations
Problem 11E
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An economy depends on two basic products, wheat and oil. To produce 1 metric ton of wheat requires 0.26 metric tons of wheat and 0.33 metric tons of oil. Production of 1 metric ton of oil consumes 0.08 metric tons of wheat and 0.12 metric tons of oil. Find the production that will satisfy a demand for 560 metric tons of wheat and 0.26 0.08 910 metric tons of oil. The input-output matrix is A= 0.33 0.12 metric tons of wheat is required to satisfy the demand. (Round the final answer to the nearest whole number as needed. Round the elements of the inverse matrix to two decimal places as needed.)
Transcribed Image Text:An economy depends on two basic products, wheat and oil. To produce 1 metric ton of wheat requires 0.26 metric tons of wheat and 0.33 metric tons of oil. Production of 1 metric ton of oil consumes 0.08 metric tons of wheat and 0.12 metric tons of oil. Find the production that will satisfy a demand for 560 metric tons of wheat and 0.26 0.08 910 metric tons of oil. The input-output matrix is A= 0.33 0.12 metric tons of wheat is required to satisfy the demand. (Round the final answer to the nearest whole number as needed. Round the elements of the inverse matrix to two decimal places as needed.)
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