Question

An economy depends on two basic products, wheat and ol. To produce 1 metric ton of wheat requires 0.27 metric tons of wheat and 0.35 metric tons of oil. Production of 1 metric ton of oil consumes 0.08 metric tons of wheat and 0.12 metric tons of oil. Find the production that will satisfy a demand for 550 metric tons of wheat and 830 metric tons of oil. 0.27 0.08 Input-output matrix A 0.35 0.12 How much wheat is required to satisfy the demand? metric tons Round the final answer to the nearest whole number as needed. Round the elements of the inverse matrix to two decimal places as needed.)

Answer 1

0.21 0.08 0.3S02 0. 21 0 0 0.3s o8 0.3502 0. 08 SSD Demand D 830 d8 SSO . 40 [835, 83 89 6 x = 1239 Production of 896 metric tons of wheat and 1299 metric tons of oil is required to satisfythe indicated demand