Alarge energy company produces electricity, natural gas
andoil. the production of dollar's worth of electrictiy
requiresinputs of $.30 from electrictiy, $.10 from natural gas and
$.20from oil. production of a dollar's work of natural gas
requiresinputs of $.30 from electrictiy, $.10 from natural gas and
$.20from oil. production of dollar's work of oil requires inputs
of$.10 from each sector.
find the ouput for each sector that is needed to satisfy
afinal demand of $25billion for electricity, $15 billion for
naturalgas and $20 billion for oil.
hint: set up in form of technology matrix, output matrix
andfinal demand matrix. and solve.