Solve the problem.
-Suppose the following matrix represents the input-output matrix, T, of a simplified economy. Find the amount of each commodity that should be produced.
A)3360 units of manufacturing, 2796 units of agriculture, and 3012 units of transportation.
B)2976 units of manufacturing, 3386.4 units of agriculture, and 2791.2 units of transportation.
C)3012 units of manufacturing, 3360 units of agriculture, and 2791.2 units of transportation.
D)3012 units of manufacturing, 2796 units of agriculture, and 2976 units of transportation.

Question

Solve the problem.
-Suppose the following matrix represents the input-output matrix, T, of a simplified economy.  Find the amount of each commodity that should be produced.
A)3360 units of manufacturing, 2796 units of agriculture, and 3012 units of transportation. 
B)2976 units of manufacturing, 3386.4 units of agriculture, and 2791.2 units of transportation. 
C)3012 units of manufacturing, 3360 units of agriculture, and 2791.2 units of transportation. 
D)3012 units of manufacturing, 2796 units of agriculture, and 2976 units of transportation.

Quizplus · Accepted Answer

The Answer of Solve the problem.
-Suppose the following matrix represents the input-output matrix, T, of a simplified economy.  Find the amount of each commodity that should be produced.
A)3360 units of manufacturing, 2796 units of agriculture, and 3012 units of transportation. 
B)2976 units of manufacturing, 3386.4 units of agriculture, and 2791.2 units of transportation. 
C)3012 units of manufacturing, 3360 units of agriculture, and 2791.2 units of transportation. 
D)3012 units of manufacturing, 2796 units of agriculture, and 2976 units of transportation.

Solve the Problem. -Suppose the Following Matrix Represents the Input-Output Matrix, T, of Matrix