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Answer: Exercises 1-4 refer to an economy that is divided

Linear Algebra and Its Applications | 4th Edition | ISBN: 9780321385178 | Authors: David C. Lay ISBN: 9780321385178 62

Solution for problem 4E Chapter 2.6

Linear Algebra and Its Applications | 4th Edition

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Linear Algebra and Its Applications | 4th Edition | ISBN: 9780321385178 | Authors: David C. Lay

Linear Algebra and Its Applications | 4th Edition

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Problem 4E

Problem 4E

Exercises 1-4 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 use .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 20 units for manufacturing, 20 units for agriculture, and 0 units for services.

Step-by-Step Solution:
Step 1 of 3

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Step 2 of 3

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

Textbook: Linear Algebra and Its Applications
Edition: 4
Author: David C. Lay
ISBN: 9780321385178

Linear Algebra and Its Applications was written by and is associated to the ISBN: 9780321385178. The full step-by-step solution to problem: 4E from chapter: 2.6 was answered by , our top Math solution expert on 08/10/17, 10:08AM. This textbook survival guide was created for the textbook: Linear Algebra and Its Applications, edition: 4. Since the solution to 4E from 2.6 chapter was answered, more than 234 students have viewed the full step-by-step answer. This full solution covers the following key subjects: unit, services, manufacturing, agriculture, output. This expansive textbook survival guide covers 65 chapters, and 1915 solutions. The answer to “Exercises 1-4 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 use .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 20 units for manufacturing, 20 units for agriculture, and 0 units for services.” is broken down into a number of easy to follow steps, and 105 words.

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Answer: Exercises 1-4 refer to an economy that is divided