Let $A = \left[ \begin{array} { l l } 0.9 & 0.2 \\0.4 & 0.5\end{array} \right]$

question 105

True/False

Let $A = \left[ \begin{array} { l l } 0.9 & 0.2 \\0.4 & 0.5\end{array} \right]$ be the technology matrix, $X = \left[ \begin{array} { l } x _ { 1 } \\x _ { 2 }\end{array} \right]$ be the production vector, and $D = \left[ \begin{array} { c } 4,000 \\12,000\end{array} \right]$ be the external demand vector.

There would be 0.4 units of sector 2 needed to produce one unit of sector 2.

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Definitions:

Discount Period

The time frame between the onset of a payment period and the due date when a discount for early payment is available.

Perpetual Inventory System

An inventory management system where updates to inventory records are made in real-time with each sale or purchase, providing a continuous record of inventory levels.

Discount Period

The timeframe during which a discount is offered for prompt payment on sales.

Merchandise Sold

The products that a retailer, wholesaler, or distributor has sold to customers during a specific period.