A system composed of two industries, coal and steel, has the inputs as seen below.(a) To produce 1 dollar's worth of output, the coal industry requires $0.30 of its own product and $0.70 of steel. (b) To produce 1 dollar's worth of output, the steel industry requires $0.30 of its own product and $0.10 of coal. Find D, the input-output matrix for this system. Then solve for the output matrix X in the equation where the external demand is . Round all the entries of the matrix to two decimal places, where applicable.

Question

A system composed of two industries, coal and steel, has the inputs as seen below.(a) To produce 1 dollar's worth of output, the coal industry requires $0.30 of its own product and $0.70 of steel. (b) To produce 1 dollar's worth of output, the steel industry requires $0.30 of its own product and $0.10 of coal. Find D, the input-output matrix for this system. Then solve for the output matrix X in the equation  where the external demand is  . Round all the entries of the matrix to two decimal places, where applicable.

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The Answer of A system composed of two industries, coal and steel, has the inputs as seen below.(a) To produce 1 dollar's worth of output, the coal industry requires $0.30 of its own product and $0.70 of steel. (b) To produce 1 dollar's worth of output, the steel industry requires $0.30 of its own product and $0.10 of coal. Find D, the input-output matrix for this system. Then solve for the output matrix X in the equation  where the external demand is  . Round all the entries of the matrix to two decimal places, where applicable.

A System Composed of Two Industries, Coal and Steel, Has