Help please need answereasy question I'm just dumb Below is a technology matrix representing wood as sector 1 and plastic as sector 2.[0.12 0.24A0.16 0.09=龍How much plastic is needed to produce one unit of wood?units of wood are needed to produce a unit of plastic.To produce wood,A units of wood are needed.

Answered: Below is a technology matrix…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 24EQ: Suppose the coal and steel industries form a closed economy. Every $1 produced by the coal industry...

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Similar questions

Suppose the coal and steel industries form a closed economy. Every $1 produced by the coal industry requires $0.30 of coal and $0.70 of steel. Every $1 produced by steel requires $0.80 of coal and $0.20 of steel. Find the annual production (output) of coal and steel if the total annual production is $20 million.
23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes 1/2 of the food and 1/3 of the manufactured goods. Manufacturing consumes 1/2 of the food and 2/3 of the manufactured goods. Assuming the economy is closed and in equilibrium, find the relative outputs of the farming and manufacturing industries.
2. Suppose that in Example 2.27, 400 units of food A, 500 units of B, and 600 units of C are placed in the test tube each day and the data on daily food consumption by the bacteria (in units per day) are as shown in Table 2.7. How many bacteria of each strain can coexist in the test tube and consume all of the food? Table 2.7 Bacteria Strain I Bacteria Strain II Bacteria Strain III Food A 1 2 0 Food B 2 1 3 Food C 1 1 1

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Below is a technology matrix representing wood as sector 1 and plastic as sector 2. [0.12 0.24] A = [0.16 0.09 How much plastic is needed to produce one unit of wood? A units of wood are needed to produce a unit of plastic. To produce wood, units of wood are needed.