Question

X Bus Econ 6.6.25 Question Help 25 metric tons of wheat and 0.31 metric tons of of Production of metric ton of consumes 0.09 metre tons of heat and 13 metre tons of Find the An economy depends on two basic products wheat and oil to produce metric ton of wheat requires production that will sty a demand for 430 metric tons of wheat and 30 metric tons of 028 009 Input-output matrix 0 31 013 How much what required to the demand? I metric tons (Round the final answer to the newest whole number as needed. Round the clements of the inverse matrix to two decimal places as needed)

Answer 1

then IS A IS input-output matrix equanon to find Produchou me x or requerired amount of product at a a demand vector D is x= (I-A) D. here A-10.26 0.09 ] 0:31 0.13 DE CO] we know I = [o il we know I = So I-A= 0.26 0.09 0.31 0.13 10.74 -0.09 -0.31 0.87 1 We know inverse of matrix B= 09

(1-4)) = omamos tocaimo.com Lousy 014 10.87 0.09 0.76 0.74*0.87 €0.3160.09) [ 1 -0.6159 spl.87 0.09 L 0.31 0.74 1.41256 L0.50332 0.146/2...7 1.20 149 2 1.41 To.so 0.15 1. 20 rounded to two decimal so x [4307 71.41 0.15 (0.50 1.20 840 11.41* 430+ 0.15 x 840 LO.s084307 208840 L1223 73a vounded 1a23 Wheat =732 ton Oll = 1223 ton