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Solution: 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 3E 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 3E

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, with no final demand for the other sectors. (Do not compute and inverse matrix.)

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Ch. 12 Services Key Issue 1: Where did services originate Service- any activity that fulfills a human want or need and returns money to those who provide it. Settlement- a permanent collection of buildings, where people reside, work, and obtain services. Consumer service- provides services to individual consumers who desire them and can afford to pay for them. Retail services- provide goods for sale to consumers. Personal services- provide for the well-being, health, and personal improvement of individual consumers. Business services- facilitate other businesses through 1. producer services which are banks, insurance, lawyers, engineers, etc and 2. transportation and information services which are businesses that diffuse and distribute services. Public services- prov

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Chapter 2.6, Problem 3E is Solved
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Textbook: Linear Algebra and Its Applications
Edition: 4
Author: David C. Lay
ISBN: 9780321385178

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