(Solved): The technology matrix for an economy based on agriculture \( A \) and manufacturing \( M \) is: \( ...

The technology matrix for an economy based on agriculture \( A \) and manufacturing \( M \) is: \( \mathrm{A} \rightarrow\left[\begin{array}{ll}0.7 & 0.2 \\ 0.1 & 0.4\end{array}\right] \) Find the output for each sector that is needed to satisfy a final demand of \( \$ 48 \) million for agriculture and \( \$ 40 \) million for manufacturing, using the alternative technology matrix. The alternative technology matrix is