Suppose an economy has two industries, agriculture and minerals. Suppose further that the technology matrix for this

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Suppose an economy has two industries, agriculture and minerals. Suppose further that the technology matrix for this economy is A.

If surpluses of 60 agricultural units and 70 mineral units are desired, find the gross production for each industry?

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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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Suppose an economy has two industries, agriculture and minerals. Suppose further that the technology matrix for this

Question:

M 0.3 Agriculture 0.1 0.1 _0.1 Minerals 0.2 0.2

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Where x 1 gross production f...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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