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Suppose a primitive economy consists of two industries, farm products and farm machinery. Suppose also that its technology matrix is represented by the matrix
Suppose a primitive economy consists of two industries, farm products and farm machinery. Suppose also that its technology matrix is represented by the matrix shown below. P M A- 0.6 0.2 0.2 0.4 Products Machinery If surpluses of 76 units of farm products and 6 units of farm machinery are desired, find the gross production of each industry. products machinery 298 X units 111 X units
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
2nd edition
73396958, 978-0077630461, 77630467, 978-0073396958
