Finite Mathematics Quiz
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MATRICES AND LINEAR ALGEBRA TOOLS
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An island economy consists of two sectors: Tourism (T) and Agriculture (A). The technology matrix is A=(0.250.400.100.20)A = \begin{pmatrix} 0.25 & 0.40 \\ 0.10 & 0.20 \end{pmatrix}, where rows and columns are in the order T, A. For a particular year, the total production is X=(800500)X = \begin{pmatrix} 800 \\ 500 \end{pmatrix} (in millions of dollars).
What is the external demand for agricultural products from this economy?
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