1. Consider the following incomplete technology matrix for an economy consisting of 3 sectors: (1) television shows, (2) radio shows, and (3) podcasts: [0.01 0.2 a A = 0.25 0.32 (a) How many units of radio shows are needed to produce 1 unit of television shows? (b) Suppose that it takes 0.3 units of podcasts to produce 1 unit of radio shows. Can we use this information to find one of the missing values in the technology matrix? If so, what is the missing value?
1. Consider the following incomplete technology matrix for an economy consisting of 3 sectors: (1) television shows, (2) radio shows, and (3) podcasts: [0.01 0.2 a A = 0.25 0.32 (a) How many units of radio shows are needed to produce 1 unit of television shows? (b) Suppose that it takes 0.3 units of podcasts to produce 1 unit of radio shows. Can we use this information to find one of the missing values in the technology matrix? If so, what is the missing value?
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...
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![1. Consider the following incomplete technology matrix for an economy consisting of 3
sectors: (1) television shows, (2) radio shows, and (3) podcasts:
Го.01
0.2
a
A =
0.25
0.32
d.
0.
(a) How many units of radio shows are needed to produce 1 unit of television shows?
(b) Suppose that it takes 0.3 units of podcasts to produce 1 unit of radio shows. Can
we use this information to find one of the missing values in the technology matrix?
If so, what is the missing value?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F63ad5bed-f5d2-46cc-8382-2d28d88f2a89%2Fb9d6a81e-bbb6-4e7c-93d1-e14035b0d538%2Fguoyhko_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. Consider the following incomplete technology matrix for an economy consisting of 3
sectors: (1) television shows, (2) radio shows, and (3) podcasts:
Го.01
0.2
a
A =
0.25
0.32
d.
0.
(a) How many units of radio shows are needed to produce 1 unit of television shows?
(b) Suppose that it takes 0.3 units of podcasts to produce 1 unit of radio shows. Can
we use this information to find one of the missing values in the technology matrix?
If so, what is the missing value?
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