Suppose that in a certain local economy we have natural gas

Last updated: 7/12/2023

Suppose that in a certain local economy we have natural gas and coal industries To produce one dollar in output each industry needs the following input The natural gas industry requires 0 2 from itself and 0 3 from coal The coal industry requires 0 8 from natural gas and 0 1 from itself all a12 Find the input output matrix A of this economic system where A Assume the first row and column correspond to the natural gas industry and the a21 a22 second row and column correspond to the coal industry Write the exact answer Do not round Answer all a12 a21 Keypad Keyboard Shortcuts m Tables