An economy has an agricultural industry and a textile industry. Each unit of agricultural output requires 0.4
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An economy has an agricultural industry and a textile industry. Each unit of agricultural output requires 0.4 unit of agricultural input and 0.1 unit of textiles input. Each unit of textiles output requires 0.1 unit of agricultural input and 0.2 unit of textiles input.
(a) Write the technology matrix for this economy.
(b) If surpluses of 5 units of agricultural products and 195 units of textiles 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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