An economy has a shipping industry and an agricultural industry with technology matrix A. (a) Surpluses of
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An economy has a shipping industry and an agricultural industry with technology matrix A.
(a) Surpluses of 4720 tons of shipping output and 40 tons of agricultural output are desired. Find the gross production of each industry.
(b) Find the additional production needed from each industry for 1 more unit of agricultural surplus?
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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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