Find the production matrix for the following input-output and demand matrices using model. A= [0.3   0.3]       D= [3]      [0.35  0.4]            [5]

1 Answer | Add Yours

baxthum8's profile pic

baxthum8 | High School Teacher | (Level 3) Associate Educator

Posted on

To find the producton matrix mutliply matrix A by matrix D.  In order to do this multiply each row A by the column in D.  This is done like:

AD = `0.3(3)+0.3(5) = ` 0.9+1.5=2.4

        `0.35(3)+0.4(5) = 1.05+2 = 3.05`

The production matrix AD is: `` `` ````

1 reply Hide Replies

We’ve answered 318,993 questions. We can answer yours, too.

Ask a question