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Repeat Exercise with and .ExerciseConsider the production

Linear Algebra and Its Applications | 5th Edition | ISBN: 9780321982384 | Authors: David C. Lay; Steven R. Lay; Judi J. McDonald ISBN: 9780321982384 49

Solution for problem 6E Chapter 2.6

Linear Algebra and Its Applications | 5th Edition

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Linear Algebra and Its Applications | 5th Edition | ISBN: 9780321982384 | Authors: David C. Lay; Steven R. Lay; Judi J. McDonald

Linear Algebra and Its Applications | 5th Edition

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Problem 6E

Repeat Exercise with and .

Exercise

Consider the production model x = Cx + d for an economy with two sectors, where

Use an inverse matrix to determine the production level necessary to satisfy the final demand.

Step-by-Step Solution:

Solution :

Step 1 :

Tn this problem we have to determine the production level  necessary to satisfy the final demand.

given that  

we need to solve

first find

then find

Therefore

.’.

Step 2 of 1

Chapter 2.6, Problem 6E is Solved
Textbook: Linear Algebra and Its Applications
Edition: 5
Author: David C. Lay; Steven R. Lay; Judi J. McDonald
ISBN: 9780321982384

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Repeat Exercise with and .ExerciseConsider the production