Given the input output matrix and the external demand are as the matrices below.
A= 0.4 0.6 0
0.4 0.3 0.2
0.1 0 0.4
D= 72
150
58
By using the Leontief Input-Output model, determine the production levels necessary to satisfy the final demand.
I just dont know how to start this question. Any quick hint or formula how i can get the answer?
no idea - my first step would be to review the Leontief Input-Output model ...
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By using the Leontief Input-Output model, determine the production levels necessary to satisfy the final demand.
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MAT 1302 - Leontief Input-Output Model Exercises – Solutions ...
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