Determine the total demand x for industries 1, 2 and 3, given the matrix of technicalcoeffieicnts A and the final demand vector B.4.(0.3A =0.50.40.1)(200.2 0.60.3 0.1/B =100.130

We have to determine the total demand x of the industries using the matrix of technical coefficients…

Answered: Determine the total demand x for…

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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2. Suppose an exclusive art club charges RM50,000 as an annual membership fee and there are a total of 150 members. Assume general income has increased by 4% and the income elasticity of demand for the art club membership is 5%. Due to this change, the overall total number of members has increased by 10. How much has the club's membership increased due to the change in income and due to network effects? Include a graph in your explanation and show the necessary calculations. Label the graph axis with the appropriate numerical values.
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Determine the total demand x for industries 1, 2 and 3, given the matrix of technical coeffieicnts A and the final demand vector B. 4. 0.3 0.4 0.1) 20 A = 0.5 0.2 0.6 B = 10 0.1 0.3 0.12 30