Assume that an economy is based on two industrial sectors, agriculture (A) and energy (E). The technology matrix M and final demand matrices (in billions of dollars) are shown below. A 0.4 0.4 M = D= E 0.4 0.4 Find (I – M)-1 and the output for each sector, X, that is needed to satisfy the final demand, D. ..... Select the correct choice below and, if necessary, fill in the answer box to complete your choice. 3 2 VA. (I-M)-1 = |(Simplify your answer.) 2 3 O B. The matrix (I – M) is singular.

Assume that an economy is based on two industrial sectors, agriculture (A) and energy (E). The technology matrix M and final demand matrices (in billions of dollars) are shown below. A 0.4 0.4 M = D= E 0.4 0.4 Find (I – M)-1 and the output for each sector, X, that is needed to satisfy the final demand, D. ..... Select the correct choice below and, if necessary, fill in the answer box to complete your choice. 3 2 VA. (I-M)-1 = |(Simplify your answer.) 2 3 O B. The matrix (I – M) is singular.

Name: Need help with 2nd question Assume that an economy is based on two ind
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Description: Need help with 2nd question Assume that an economy is based on two industrial sectors, agriculture (A) and energy (E). The technology matrix M and final demand matrices (in billions of dollars) are shown below.AE0.4 0.44D =3AM =E0.4 0.4- 1Find (I – M

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 12E

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