hw2-6 - -1 D 92 . 3 78 . 4 19 . 6 Agriculture should...

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Math 1160 – Section 2.6 Answer Key 1. $.20 20 cents of energy is required to produce $1 worth of manufactured goods. 2. $.15 15 cents of energy is required to produce $1 worth of services. 3. The energy sector uses the greatest amount of services in order to produce $1 worth of output. 8. 1440 333 846 The United States should produce $846,000,000 in sales. Canada should produce $333,000,000 in sales. England should produce $1,440,000,000 in sales. **Utilize (I – A) -1 D formula** 12a. Input – Output Matrix A A E M A = E 05 . 10 . 20 . 12 . 14 . 10 . 25 . 15 . 08 . M 12b. (I – A) -1 15 . 1 18 . 27 . 20 . 22 . 1 18 . 34 . 25 . 19 . 1 12c. Utilize the formula: X = (I – A)
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Unformatted text preview: -1 D 92 . 3 78 . 4 19 . 6 Agriculture should produce $6.19 billion worth of output. Energy should produce $4.78 billion worth of output. Manufacturing should produce $3.92 billion worth of output. 16. Input – Output Matrix M M B F A = B 30 . 30 40 . 20 . 10 . 30 . 30 . 50 . F Demand Matrix D = 18 15 20 X = (I – A)-1 D 103 68 85 The merchant should produce $85,000 worth of output. The baker should produce $65,000 worth of output. The farmer should produce $103,000 worth of output....
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This note was uploaded on 05/21/2008 for the course MATH 116 taught by Professor Copeland during the Spring '08 term at Western Michigan.

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hw2-6 - -1 D 92 . 3 78 . 4 19 . 6 Agriculture should...

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