Q.1 Suppose a simple economy with only an agriculture industry and a steel industry with the following technology matrix. Find the gross production of each industry if surpluses of 15 units of agriculture products and 35 units of steel are desired. A 0.3 0.2 Agricutwe A = 0.1 0.4] ted
Q.1 Suppose a simple economy with only an agriculture industry and a steel industry with the following technology matrix. Find the gross production of each industry if surpluses of 15 units of agriculture products and 35 units of steel are desired. A 0.3 0.2 Agricutwe A = 0.1 0.4] ted
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 23EQ:
23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes...
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