company produces Web design, software, and networking services. View the company as an
Chapter 1, Problem 4(choose chapter or problem)
company produces Web design, software, and networking services. View the company as an open economy described by the accompanying table, where input is in dollars needed for $1.00 of output. (a) Find the consumption matrix for the company. (b) Suppose that the customers (the open sector) have a demand for $5400 worth of Web design, $2700 worth of software, and $900 worth of networking. Use row reduction to find a production vector that will meet this demand exactly. Table Ex-4 Income Required per Dollar Output Web Design Software Networking Provider Web Design $ 0.40 $ 0.20 $ 0.45 Software $ 0.30 $ 0.35 $ 0.30 Networking $0.15 $0.10 $ 0.20
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