One sector of an economy consists of a mining industry and a manufacturing industry, with technology matrix

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One sector of an economy consists of a mining industry and a manufacturing industry, with technology matrix A.

(a) Surpluses of 36 units of mining output and 278 units of manufacturing output are desired. Find the gross production of each industry.
(b) Find the additional production needed from each industry for 1 more unit of mining 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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Question Posted: Feb 09, 2018 05:02 AM

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One sector of an economy consists of a mining industry and a manufacturing industry, with technology matrix

Question:

M Mfg 0.2 Mining 0.1 0.3 Manufacturing 0.3 _0.6

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a Or b The additional ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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