c) Assume that the Malaysian economy consists of two industries: mining and electricity. Each unit of mining output requires inputs of 0.5 units of its own and 0.1 units of electricity. Each unit of electricity output requires 0.1 units of mining and 0.3 unit of its own. i. Write the technology matrix, A, for the Malaysian economy. ii. Interpret element az2 in the technology matrix. iii. How many units of electricity were required for every 1000 units of mining products produced?
c) Assume that the Malaysian economy consists of two industries: mining and electricity. Each unit of mining output requires inputs of 0.5 units of its own and 0.1 units of electricity. Each unit of electricity output requires 0.1 units of mining and 0.3 unit of its own. i. Write the technology matrix, A, for the Malaysian economy. ii. Interpret element az2 in the technology matrix. iii. How many units of electricity were required for every 1000 units of mining products produced?
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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