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Solved: Exercises refer to an economy that is divided into

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 4E 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 4E

Exercises refer to an economy that is divided into three sectors-manufacturing, agriculture, and services. For each unit of output, manufacturing requires .10 unit from other companies in that sector, .30 unit from agriculture, and .30 unit from services. For each unit of output, agriculture uses .20 unit of its own output, .60 unit from manufacturing, and .10 unit from services. For each unit of output, the services sector consumes. 10 unit from services, .60 unit from manufacturing, but no agricultural products.

Determine the production levels needed to satisfy a final demand of 18 units for manufacturing, 18 units for agriculture, and 0 units for services.

Step-by-Step Solution:
Step 1 of 3

Solution 4E

        Therefore the solution is given by

                =

Step 2 of 3

Chapter 2.6, Problem 4E is Solved
Step 3 of 3

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

This textbook survival guide was created for the textbook: Linear Algebra and Its Applications , edition: 5. This full solution covers the following key subjects: unit, services, manufacturing, agriculture, output. This expansive textbook survival guide covers 65 chapters, and 1898 solutions. The full step-by-step solution to problem: 4E from chapter: 2.6 was answered by , our top Math solution expert on 07/20/17, 03:54AM. The answer to “Exercises refer to an economy that is divided into three sectors-manufacturing, agriculture, and services. For each unit of output, manufacturing requires .10 unit from other companies in that sector, .30 unit from agriculture, and .30 unit from services. For each unit of output, agriculture uses .20 unit of its own output, .60 unit from manufacturing, and .10 unit from services. For each unit of output, the services sector consumes. 10 unit from services, .60 unit from manufacturing, but no agricultural products. Determine the production levels needed to satisfy a final demand of 18 units for manufacturing, 18 units for agriculture, and 0 units for services.” is broken down into a number of easy to follow steps, and 105 words. Linear Algebra and Its Applications was written by and is associated to the ISBN: 9780321982384. Since the solution to 4E from 2.6 chapter was answered, more than 232 students have viewed the full step-by-step answer.

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Solved: Exercises refer to an economy that is divided into