Math Problem Statement
Two commodities A and B are produced such that 0.4ton A and 0.7 ton of B are
required to produce a ton of A. Similarly, 0.1 ton of A and 0.6 ton of B are needed to
produce a ton of B. Write down the technology matrix. If 68 tons of 4 and 102 tons of B
are required, find out the gross production of both of them. (Ans: A=220, B=640)
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Linear Algebra
Matrix Operations
Systems of Linear Equations
Formulas
-
Theorems
-
Suitable Grade Level
Advanced High School
Related Recommendation
Production Planning: Matrix Analysis of Demand and Cost
Production Planning for 5 Products Using Matrix Operations
Production Planning with Matrix Operations for Cost and Resource Management
Input-Output Analysis: Technology Coefficient Matrix and Economic Output
Solving Systems of Linear Equations with Transaction Matrices