Assume that an economy is based on two industrial sectors, agriculture (A) and energy (E). The technology matrix M is: A ↑ 0.4 0.2 = M 0.3 0.5 How much input from A and E are required to produce a dollar's worth of output for A? ..... The input from A required to produce a dollar's worth of output for A is

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter7: Nonlinear Optimization Models
Section: Chapter Questions
Problem 59P
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Assume that an economy is based on two industrial sectors, agriculture (A) and energy (E). The technology matrix M is:
A
E
↑
0.4 0.2
= M
0.3 0.5
How much input from A and E are required to produce a dollar's worth of output for A?
....
The input from A required to produce a dollar's worth of output for A is
Transcribed Image Text:Assume that an economy is based on two industrial sectors, agriculture (A) and energy (E). The technology matrix M is: A E ↑ 0.4 0.2 = M 0.3 0.5 How much input from A and E are required to produce a dollar's worth of output for A? .... The input from A required to produce a dollar's worth of output for A is
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