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EBK FINITE MATHEMATICS FOR THE MANAGERI
- 23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes 1/2 of the food and 1/3 of the manufactured goods. Manufacturing consumes 1/2 of the food and 2/3 of the manufactured goods. Assuming the economy is closed and in equilibrium, find the relative outputs of the farming and manufacturing industries.arrow_forwardUse Cramers rule to solve 2x-y+2z=6x-y+z=2x+y+2z=9.arrow_forward
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