The following spreadsheet gives annual production costs and profits at Gauss-Jordan Sneakers, Inc. Use matrix algebra to compute the revenues from each sector each year.
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Step 1: Determine the profit matrix and the cost matrix from the given data in the spreadsheet. Show more…
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the spreadsheet below shows the monthly income and expenses for a new business. a. find a linear model for monthly income and a linear model for monthly expenses month income expenses may 2,000 22,0000 june 3,000 18,000 july 5,000 16,000 august 8,000 14,000
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Use a graphing calculator or computer to find the production matrix X, given the following input-output and demand matrices. $$A=\left[\begin{array}{cccc}{0.01} & {0.2} & {0.01} & {0.2} \\ {0.5} & {0.02} & {0.03} & {0.02} \\ {0.09} & {0.05} & {0.02} & {0.03} \\ {0.3} & {0.2} & {0.2} & {0.01}\end{array}\right], \quad D=\left[\begin{array}{c}{5000} \\ {1000} \\ {4000} \\ {500}\end{array}\right]$$
Systems of Linear Equations and Matrices
Input-Output Models
Use a graphing calculator or computer to find the production matrix X, given the following input-output and demand matrices. $$A=\left[\begin{array}{cccc}{0.25} & {0.25} & {0.25} & {0.05} \\ {0.01} & {0.02} & {0.01} & {0.1} \\ {0.3} & {0.3} & {0.01} & {0.1} \\ {0.2} & {0.01} & {0.3} & {0.01}\end{array}\right] D=\left[\begin{array}{c}{2930} \\ {3570} \\ {2300} \\ {580}\end{array}\right]$$
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