1. Using the Input-Output table below, answer the following questions: a) Find the matrix A of technical coefficients and the row vector 1 of labor coefficients for the system. b) Assume that an exogenous shock decreases final demand for services goods by 125. Find the new vector of total output X and the new vector of labor inputs L. Manufacturing Services Final Demand Total Output

1. Using the Input-Output table below, answer the following questions: a) Find the matrix A of technical coefficients and the row vector 1 of labor coefficients for the system. b) Assume that an exogenous shock decreases final demand for services goods by 125. Find the new vector of total output X and the new vector of labor inputs L. Manufacturing Services Final Demand Total Output

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter11: Profit Maximization

Section: Chapter Questions

Problem 11.9P

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