The technology matrix of an economic system of two industries is \( A = \begin{bmatrix} 0.3 & 0.3 \\ 0.4 & 0.6 \end{bmatrix} \) (a) Find Leontief's…
Class 12 Business Mathematics · 2083 · Solved Question with Answer
The technology matrix of an economic system of two industries is
\( A = \begin{bmatrix} 0.3 & 0.3 \\ 0.4 & 0.6 \end{bmatrix} \)
(a) Find Leontief's technology matrix.
(b) Test whether the given system is viable as per Hawkins Simon conditions.
(c) Find the total outputs of each industry if the final demand for two industries are 4 and 32 units respectively.