An economy has a manufacturing industry and a banking industry. Each unit of manufacturing output requires inputs
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An economy has a manufacturing industry and a banking industry. Each unit of manufacturing output requires inputs of 0.5 unit of manufacturing and 0.2 unit of banking. Each unit of banking output requires inputs of 0.3 unit each of manufacturing and banking.
(a) Write the technology matrix for this economy.
(b) If surpluses of 141 units of manufacturing and 106 units of banking are desired, find the gross production of each industry?
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Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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