The following technology matrix for a simple economy describes the relationship of certain industries to each other in the production of 1 unit of product. A M F U 0.04 Agriculture 0.33 Manufacturing 0.41 Fuels 0.36 0.03 0.10 0.06 0.42 0.25 0.18 0.15 0.10 0.10 0.31 0.15 Utilities 0.20 (a) For each 120 units of manufactured products produced, how many units of fuels are required? units (b) How many units of utilities are required to produce 70 units of agricultural products? units

Question
The following technology matrix for a simple economy describes the relationship of certain industries to each other in the production of 1 unit of product.
A
M
F
U
0.04 Agriculture
0.33 Manufacturing
0.41 Fuels
0.36
0.03
0.10
0.06
0.42
0.25
0.18
0.15
0.10
0.10
0.31
0.15 Utilities
0.20
(a) For each 120 units of manufactured products produced, how many units of fuels are required?
units
(b) How many units of utilities are required to produce 70 units of agricultural products?
units

Image Transcription

The following technology matrix for a simple economy describes the relationship of certain industries to each other in the production of 1 unit of product. A M F U 0.04 Agriculture 0.33 Manufacturing 0.41 Fuels 0.36 0.03 0.10 0.06 0.42 0.25 0.18 0.15 0.10 0.10 0.31 0.15 Utilities 0.20 (a) For each 120 units of manufactured products produced, how many units of fuels are required? units (b) How many units of utilities are required to produce 70 units of agricultural products? units

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