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Assume that an economy is based on two industrial sectors, agriculture (A) and energy (E). The technology matrix M is: A E A-> 0.6
Assume that an economy is based on two industrial sectors, agriculture (A) and energy (E). The technology matrix M is: A E A-> 0.6 0.1 =M E-> 0.1 0.7 How much input from A and E are required to produce a dollar's worth of output for A? The input from A required to produce a dollar's worth of output for A is
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College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
