An economy depends on two basic​ products, wheat and oil. To produce 1 metric ton of wheat requires 0.22 metric tons of wheat and 0.32 metric tons of oil. Production of 1 metric ton of oil consumes 0.08 metric tons of wheat and 0.14 metric tons of oil. Find the production that will satisfy a demand for 480 metric tons of wheat and 880 metric tons of oil. The​ input-output matrix is A= 0.22 0.08 0.32  0.14

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter6: Matrices And Determinants
Section: Chapter Questions
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An economy depends on two basic​ products, wheat and oil. To produce 1 metric ton of wheat requires 0.22 metric tons of wheat and 0.32 metric tons of oil. Production of 1 metric ton of oil consumes 0.08 metric tons of wheat and 0.14 metric tons of oil.

Find the production that will satisfy a demand for 480 metric tons of wheat and 880 metric tons of oil. The​ input-output matrix is

A=
0.22 0.08
0.32  0.14 
.
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