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Math Help - Economic matrices Which sector produces the greatest dollar value to meet the demand?

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    Economic matrices Which sector produces the greatest dollar value to meet the demand?

    Consider an economy with three product-producing sectors and one non-producing sector. Suppose the
    economy is described by the Leontief equation with consumption matrix
    Economic matrices Which sector produces the greatest dollar value to meet the demand?-leontief-eqn.jpg
    If the open sector demands the same dollar value from each product-producing sector, which sector
    must produce the greatest dollar value to meet the demand?

    A hint that was given to me,although I don't think it isvery relevant: "You may use the fact that (A/a)−1 = aA−1 for any invertible matrix A and any nonzero a ∈ R."
    Last edited by GirandoniAirRifle; March 31st 2014 at 06:20 AM.
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