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Nebraska The 1970 economy of the state of Nebraska has been condensed to six sectors: livestock, crops, food products, mining and manufacturing, households, and other, The input-output matrix is given below. Source: University of Nebraska-Lincoln.
(a) Find the matrix (I - A)-1 and interpret the value in row 2, column 1 of this matrix.
(b) Suppose the demand (in millions of dollars) is
Find the dollar amount of each commodity that should be produced.
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Finite Mathematics (11th Edition)
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