Is the given statement true or not

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Reference no: EM131482479

Question: 1. A firm uses 3 different inputs K, L and R to make two final products X and Y. Each unit of X produced requires 2 units of K, 8 units of L and 23 units of R. Each unit of Y produced requires 3 units of K, 5 units of L and 26 units of R. Set up these input requirements in matrix format.

2. ‘A vector is a special form of matrix but a matrix is not a special form of vector'. Is this statement true?

Reference no: EM131482479

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