Given the input-output matrix below, find the output matrix if final demand changes to 600 for water, 120 for electric power, and 700 for agriculture. Industry Electric Water Power Agriculture Final Demand Water 60 500 240 270 Industry: Electric Power 60 200 480 110 Agriculture 120 100 360 500 Other 360 200 120 The output matrix is X = ☐ . (Round to two decimal places as needed.)
Given the input-output matrix below, find the output matrix if final demand changes to 600 for water, 120 for electric power, and 700 for agriculture. Industry Electric Water Power Agriculture Final Demand Water 60 500 240 270 Industry: Electric Power 60 200 480 110 Agriculture 120 100 360 500 Other 360 200 120 The output matrix is X = ☐ . (Round to two decimal places as needed.)
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter8: Cost Analysis
Section: Chapter Questions
Problem 9E
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![Given the input-output matrix below, find the output matrix if final demand changes to 600 for water, 120 for electric power, and 700 for agriculture.
Industry
Electric
Water
Power
Agriculture Final Demand
Water
60
500
240
270
Industry:
Electric Power
60
200
480
110
Agriculture
120
100
360
500
Other
360
200
120
The output matrix is X =
☐ .
(Round to two decimal places as needed.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F18d92889-5aa3-4ce5-ba51-c1a7c8237fef%2F6fbd857d-a683-4622-8249-1a6a8f7cdc82%2Fuptpu7e_processed.png&w=3840&q=75)
Transcribed Image Text:Given the input-output matrix below, find the output matrix if final demand changes to 600 for water, 120 for electric power, and 700 for agriculture.
Industry
Electric
Water
Power
Agriculture Final Demand
Water
60
500
240
270
Industry:
Electric Power
60
200
480
110
Agriculture
120
100
360
500
Other
360
200
120
The output matrix is X =
☐ .
(Round to two decimal places as needed.)
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