Set up the input-output matrix A. Do not solve the problem. The order for the input output Matrix is Electricity, Oil, and Pipcline Let an economy contain three industrics: clectric, oil and pipeline. For cach $10 of electricity generated, let thecre be charges of $2 for clectricity, $4 for oil and $1 for pipeline. For cach $1 of oil produced, suppose there are charges of $0.10 in clectricity, $0.40 for oil, and nothing for pipelinc. Finally, for cach $5 in pipelinc, suppose that $1.50 is spent on clcctricity, $1 is spent on oil, and nothing for pipeline.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter9: Systems Of Equations And Inequalities
Section: Chapter Questions
Problem 21T
icon
Related questions
Question
Set up the input-output matrix A. Do not solvc the problem.
The order for the input - output Matrix is Electricity, Oil, and Pipcline
Let an economy contain thrce industrics: electric, oil and pipeline.
For cach $10 of clectricity generated, let there be charges of $2 for clectricity, $4 for oil and $1 for
pipeline.
For cach $1 of oil produced, suppose there arc charges of $0.10 in clectricity, $0.40 for oil, and
nothing for pipeline.
Finally, for cach $5 in pipclinc, suppose that $1.50 is spent on electricity, $1 is spent on oil, and
nothing for pipcline.
0.2 0.1
0.3
A =
0.4
0.4
0.2
0.1
2 0.1
1.5
A =
4 0.4
1.
1
4
A =
0.1
0.4
1.5
O None of the Above
Transcribed Image Text:Set up the input-output matrix A. Do not solvc the problem. The order for the input - output Matrix is Electricity, Oil, and Pipcline Let an economy contain thrce industrics: electric, oil and pipeline. For cach $10 of clectricity generated, let there be charges of $2 for clectricity, $4 for oil and $1 for pipeline. For cach $1 of oil produced, suppose there arc charges of $0.10 in clectricity, $0.40 for oil, and nothing for pipeline. Finally, for cach $5 in pipclinc, suppose that $1.50 is spent on electricity, $1 is spent on oil, and nothing for pipcline. 0.2 0.1 0.3 A = 0.4 0.4 0.2 0.1 2 0.1 1.5 A = 4 0.4 1. 1 4 A = 0.1 0.4 1.5 O None of the Above
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Matrix Operations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Elementary Linear Algebra (MindTap Course List)
Elementary Linear Algebra (MindTap Course List)
Algebra
ISBN:
9781305658004
Author:
Ron Larson
Publisher:
Cengage Learning