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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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 S
0.3 0.2 Agrikultwe
0.1 0.4] Steel
A =
Transcribed Image Text: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 S 0.3 0.2 Agrikultwe 0.1 0.4] Steel A =
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