Help me fast so that I will give Upvote. Consider an economy with three sectors, Chemicals & Metals, Fuels & Power, and Machinery. Chemicals sells 30% of its output to Fuels and 60% to Machinery and retains the rest. Fuels sells 70% of its output to Chemicals and20% to Machinery and retains the rest. Machinery sells 40% of its output to Chemicals and 30% to Fuels and retains the rest. Complete parts (a) through (c) below.a. Construct the exchange table for this economy.Distribution of Output from:ChemicalsFuelsMachineryPurchased by:0.10.70.4Chemicals0.30.10.3Fuels0.60.20.3Machinery(Type integers or decimals.)b. Develop a system of equations that leads to prices at which each sector's income matches its expenses. Then write the augmented matrix that can be row reduced to find these prices. The first, second, and third columns of thematrix should correspond to Chemicals, Fuels, and Machinery, respectively.The augmented matrix is.(Type an integer or decimal for each matrix element.)

Assume the prices of chemicals, fuels and machinery be c, f and m respectively.

Consider an economy with three sectors, Chemicals & Metals, Fuels & Power, and Machinery. Chemicals sells 30% of its output to Fuels and 60% to Machinery and retains the rest. Fuels sells 70% of its output to Chemicals and 20% to Machinery and retains the rest. Machinery sells 40% of its output to Chemicals and 30% to Fuels and retains the rest. Complete parts (a) through (c) below. a. Construct the exchange table for this economy. TITE Distribution of Output from: Chemicals Machinery Fuels Purchased by: 0.1 0.7 0.4 Chemicals 0.3 0.1 0.3 Fuels 0.6 0.2 0.3 Machinery (Type integers or decimals.) b. Develop a system of equations that leads to prices at which each sector's income matches its expenses. Then write the augmented matrix that can be row reduced to find these prices. The first, second, and third columns of the matrix should correspond to Chemicals, Fuels, and Machinery, respectively. The augmented matrix is (Type an integer or decimal for each matrix element.)

Consider an economy with three sectors, Chemicals & Metals, Fuels & Power, and Machinery. Chemicals sells 30% of its output to Fuels and 60% to Machinery and retains the rest. Fuels sells 70% of its output to Chemicals and 20% to Machinery and retains the rest. Machinery sells 40% of its output to Chemicals and 30% to Fuels and retains the rest. Complete parts (a) through (c) below. a. Construct the exchange table for this economy. TITE Distribution of Output from: Chemicals Machinery Fuels Purchased by: 0.1 0.7 0.4 Chemicals 0.3 0.1 0.3 Fuels 0.6 0.2 0.3 Machinery (Type integers or decimals.) b. Develop a system of equations that leads to prices at which each sector's income matches its expenses. Then write the augmented matrix that can be row reduced to find these prices. The first, second, and third columns of the matrix should correspond to Chemicals, Fuels, and Machinery, respectively. The augmented matrix is (Type an integer or decimal for each matrix element.)

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

Help me fast so that I will give Upvote.

Consider an economy with three sectors, Chemicals & Metals, Fuels & Power, and Machinery. Chemicals sells 30% of its output to Fuels and 60% to Machinery and retains the rest. Fuels sells 70% of its output to Chemicals and
20% to Machinery and retains the rest. Machinery sells 40% of its output to Chemicals and 30% to Fuels and retains the rest. Complete parts (a) through (c) below.
a. Construct the exchange table for this economy.
Distribution of Output from:
Chemicals
Fuels
Machinery
Purchased by:
0.1
0.7
0.4
Chemicals
0.3
0.1
0.3
Fuels
0.6
0.2
0.3
Machinery
(Type integers or decimals.)
b. Develop a system of equations that leads to prices at which each sector's income matches its expenses. Then write the augmented matrix that can be row reduced to find these prices. The first, second, and third columns of the
matrix should correspond to Chemicals, Fuels, and Machinery, respectively.
The augmented matrix is.
(Type an integer or decimal for each matrix element.)

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