An economy has a shipping industry and an agricultural industry with technology matrix A. (a) Surpluses of

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An economy has a shipping industry and an agricultural industry with technology matrix A.

(a) Surpluses of 4720 tons of shipping output and 40 tons of agricultural output are desired. Find the gross production of each industry.
(b) Find the additional production needed from each industry for 1 more unit of agricultural surplus?

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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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Question Posted: Feb 09, 2018 05:06 AM

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An economy has a shipping industry and an agricultural industry with technology matrix A. (a) Surpluses of

Question:

A 0.1 0.2 | Shipping A = 0.2 0.4 Agriculture %24

Step by Step Answer:

a Or Shipping 5680 ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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