We assume that in a village there is a farmer, carpenter, and a tailor, who provide the three essential goods: food, shelter, and clothing. Suppose the farmer himself consumes 20% of the food heproduces, and gives 30% to the carpenter, and 50% to the tailor. 10% of the carpenter's production is consumed by himself, 20% by the farmer, and 70% by the tailor. 50% of the tailor's productionis used by himself, 20% by the farmer, and 30% by the carpenter. Write the matrix A that describes this closed Leontief model. Assume the first row and column represent the farmer, the secondrow and column represent the carpenter, and the third row and column represent the tailor.A=

The corresponding matrix is as follows

Answered: We assume that in a village there is a…

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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