Consider a Sraffa system that describes production with a surplus. Assume that the whole of the wage is variable. The number of commodities in the system is "n". Some are non-basic commodities. . Write the price equations in matrix notation. (Make sure to mention the dimensions of the vectors and matrix in your equation). . Explain the economic meaning of the A matrix and l vector.

Microeconomic Theory
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Chapter10: Cost Functions
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Consider a Sraffa system that describes production with a surplus. Assume that the whole of the wage is variable. The number of commodities in the system is "n". Some are non-basic commodities.

. Write the price equations in matrix notation. (Make sure to mention the dimensions of the vectors and matrix in your equation).

. Explain the economic meaning of the A matrix and l vector.

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