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April 16, 2014

Homework Help: Finite Math

Posted by Anonymous on Monday, February 27, 2012 at 9:55am.

Working on this for a couple of hours, any help?

Input -output matrix

F S C

F .1 0 .2

S .2 .1 .4

C 0 0 .1

F= Food
S=Shelter
C=Clothing



1)What should the total production of the three industries be to generate a $900,000 surplus each?

I gotthe following for 1) F=1,224,000 S=1,719,000 and C=999,000. Not sure though

2) In another year, no shelter related products can leave the community, but the community continues to meet the goal of $900,000 of food and clothing. What should the total production be?

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