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Find the State Vector

question 19

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Find the state vector
Find the state vector     for the given stochastic matrix and initial state vector.   for the given stochastic matrix and initial state vector.
Find the state vector     for the given stochastic matrix and initial state vector.

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Definitions:

Output

The total amount of goods or services produced by a company or country.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, typically characterized by a reduction in average costs with increased production.

Minimum Efficient Scale

The smallest scale of production a firm can achieve while still taking full advantage of economies of scale in terms of costs per unit.

Output

The quantity of goods or services produced by a firm, sector, or economy within a certain period.

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