Ashaintae1625 Ashaintae1625

14-03-2024
Mathematics

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The reduced row echelon form of the augmented matrix for a closed economy with 2 sectors is

[1 -8/3 | 0]
[0 0 | 0]

Assume the first column corresponds to Sector 1 ’s production and the second column corresponds to Sector 2 's production. How much does Sector 1 produce for every $300 that Sector 2 produces?

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