Assume that an economy is based on three industrial sectors: agriculture (A), building (B), and energy (E). The technology matrix M is: A BE uarruarruarr (4 [0.6 0.2 0.1 0.4 0.1 0.1 0.4] 0.1 0.1 B 0.1 M How much input from A, B, and E are required to produce a dollar's worth of output for B? How much input from A is required to produce a dollar's worth of output for B? How much input from B is required to produce a dollar's worth of output for B? How much input from E is required to produce a dollar's worth of output for B ? Assume that an economy is based on three industrial sectors: agriculture (A), building (B), and energy (E). The technology matrix M is: A BE ↑ ↑ ↑ A-> 0.6 0.2 0.1 B-> =M 0.1 0.4 0.1 E-> 0.1 0.1 0.4 How much input from A, B, and E are required to produce a dollar's worth of output for B? How much input from A is required to produce a dollar's worth of output for B? How much input from B is required to produce a dollar's worth of output for B? How much input from E is required to produce a dollar's worth of output for B?
Assume that an economy is based on three industrial sectors: agriculture (A), building (B), and energy (E). The technology matrix M is: A BE uarruarruarr (4 [0.6 0.2 0.1 0.4 0.1 0.1 0.4] 0.1 0.1 B 0.1 M How much input from A, B, and E are required to produce a dollar's worth of output for B? How much input from A is required to produce a dollar's worth of output for B? How much input from B is required to produce a dollar's worth of output for B? How much input from E is required to produce a dollar's worth of output for B ? Assume that an economy is based on three industrial sectors: agriculture (A), building (B), and energy (E). The technology matrix M is: A BE ↑ ↑ ↑ A-> 0.6 0.2 0.1 B-> =M 0.1 0.4 0.1 E-> 0.1 0.1 0.4 How much input from A, B, and E are required to produce a dollar's worth of output for B? How much input from A is required to produce a dollar's worth of output for B? How much input from B is required to produce a dollar's worth of output for B? How much input from E is required to produce a dollar's worth of output for B?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Assume that an economy is based on three industrial sectors: agriculture (A), building (B), and energy (E). The
technology matrix M is: A BE uarruarruarr (4 [0.6 0.2 0.1 0.4 0.1 0.1 0.4] 0.1 0.1 B 0.1 M How much
input from A, B, and E are required to produce a dollar's worth of output for B? How much input from A is required to
produce a dollar's worth of output for B? How much input from B is required to produce a dollar's worth of output for
B? How much input from E is required to produce a dollar's worth of output for B ?
Assume that an economy is based on three industrial sectors: agriculture (A), building (B), and energy (E). The
technology matrix M is:
A BE
↑
↑ ↑
A->
0.6 0.2 0.1
B->
=M
0.1 0.4 0.1
E->
0.1 0.1 0.4
How much input from A, B, and E are required to produce a dollar's worth of output for B?
How much input from A is required to produce a dollar's worth of output for B?
How much input from B is required to produce a dollar's worth of output for B?
How much input from E is required to produce a dollar's worth of output for B?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F51015c48-735c-4fb1-9f8c-beae29940de5%2Ff52a40ac-d4de-4cee-ad48-565f7f52a6ae%2F89mvce.jpeg&w=3840&q=75)
Transcribed Image Text:Assume that an economy is based on three industrial sectors: agriculture (A), building (B), and energy (E). The
technology matrix M is: A BE uarruarruarr (4 [0.6 0.2 0.1 0.4 0.1 0.1 0.4] 0.1 0.1 B 0.1 M How much
input from A, B, and E are required to produce a dollar's worth of output for B? How much input from A is required to
produce a dollar's worth of output for B? How much input from B is required to produce a dollar's worth of output for
B? How much input from E is required to produce a dollar's worth of output for B ?
Assume that an economy is based on three industrial sectors: agriculture (A), building (B), and energy (E). The
technology matrix M is:
A BE
↑
↑ ↑
A->
0.6 0.2 0.1
B->
=M
0.1 0.4 0.1
E->
0.1 0.1 0.4
How much input from A, B, and E are required to produce a dollar's worth of output for B?
How much input from A is required to produce a dollar's worth of output for B?
How much input from B is required to produce a dollar's worth of output for B?
How much input from E is required to produce a dollar's worth of output for B?
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