A simple economy has a shoe industry and a cattle industry. Each unit of shoe output requires
Question:
(a) Write the technology matrix for this simple economy.
(b) If surpluses of 850 units of shoes and 275 units of cattle products are desired, find the gross production of each industry?
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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