Leontief model to determine equilibrium fees
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Use the Leontief exchange model to determine equilibrium fees.
begin{bmatrix} 0.2 &0.6 &0.1 \ 0.4 &0.1 &0.5 \ 0.4 &0.3 &0.4 end{bmatrix}
My answer I get is p1 = 0.8125, p2 = 0.9167, p3 =1. Is that correct? I used the (I-E)p=0 rule and then reduced the matrix to row echelon form.
linear-algebra
asked 17 hours ago
34kattin
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up vote
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Use the Leontief exchange model to determine equilibrium fees.
begin{bmatrix} 0.2 &0.6 &0.1 \ 0.4 &0.1 &0.5 \ 0.4 &0.3 &0.4 end{bmatrix}
My answer I get is p1 = 0.8125, p2 = 0.9167, p3 =1. Is that correct? I used the (I-E)p=0 rule and then reduced the matrix to row echelon form.
linear-algebra
asked 17 hours ago
34kattin
11
New contributor
34kattin is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
add a comment |
up vote
-1
down vote
favorite
up vote
-1
down vote
favorite
Use the Leontief exchange model to determine equilibrium fees.
begin{bmatrix} 0.2 &0.6 &0.1 \ 0.4 &0.1 &0.5 \ 0.4 &0.3 &0.4 end{bmatrix}
My answer I get is p1 = 0.8125, p2 = 0.9167, p3 =1. Is that correct? I used the (I-E)p=0 rule and then reduced the matrix to row echelon form.
linear-algebra
asked 17 hours ago
34kattin
11
New contributor
34kattin is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
Use the Leontief exchange model to determine equilibrium fees.
begin{bmatrix} 0.2 &0.6 &0.1 \ 0.4 &0.1 &0.5 \ 0.4 &0.3 &0.4 end{bmatrix}
My answer I get is p1 = 0.8125, p2 = 0.9167, p3 =1. Is that correct? I used the (I-E)p=0 rule and then reduced the matrix to row echelon form.
linear-algebra
linear-algebra
asked 17 hours ago
34kattin
11
New contributor
34kattin is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 17 hours ago
34kattin
11
New contributor
34kattin is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 17 hours ago
34kattin
11
New contributor
34kattin is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
asked 17 hours ago
34kattin
11
asked 17 hours ago
34kattin
11
11
New contributor
34kattin is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
New contributor
34kattin is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
34kattin is a new contributor to this site. Take care in asking for clarification, commenting, and answering.
Check out our Code of Conduct.
add a comment |
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34kattin is a new contributor. Be nice, and check out our Code of Conduct.
34kattin is a new contributor. Be nice, and check out our Code of Conduct.
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