dylanmacd03 dylanmacd03

07-10-2022
Mathematics

Answered

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.
PM
0.6 0.2 Products
0.2 0.4] Machinery
If surpluses of 83 units of farm products and 5 units of farm machinery are desired, find the gross production of each industry.

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