A simple economy has an electronic components industry and a computer industry. Each unit of electronic components

Question:

A simple economy has an electronic components industry and a computer industry. Each unit of electronic components output requires inputs of 0.3 unit of electronic components and 0.2 unit of computers. Each unit of computer industry output requires inputs of 0.6 unit of electronic components and 0.2 unit of computers.
(a) Write the technology matrix for this simple economy.
(b) If surpluses of 648 units of electronic components and 16 units of computers are desired, find the gross production of each industry?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: