Question

Suppose that three industries are interrelated so that their
outputs are used as inputs by themselves, according to the
3x3 consumption matrix
50.1 0.5 07
A = (ajk] = 0.8 0 0.4
[0.1 0.5 0.6
where, ajk is the fraction of the output of industry k consumed
by industry j. Let pibe the price charged by industry j for its
total output. A problem is to find prices so that for each
industry, total expenditures equal total income. Show that
this leads to Ap = p, where p = [p1, p2, p3l1, and find a
solution p with nonnegative p1, p2, p3. Also, show that the
consumption matrix A must have column sums 1and always
has eigenvalue 1.​

Answer 1

J. SZULECKA and L. SECCO ..... Expansion of global industrial forest plantations, i.e. intensively managed productive ... able management of tropical natural forests will not result in any increase of ..... increasing productivity and decreasing production costs. ..... domain of plantation forestry in its socio-political entangle-.

Answer 2

Step-by-step explanation:

Answer to Suppose that three industries are interrelated so that their outputs are used as inputs by themselves, according to the ...