An underdeveloped country has an agricultural industry and a manufacturing industry, with technology matrix A. (a) Surpluses

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An underdeveloped country has an agricultural industry and a manufacturing industry, with technology matrix A.

(a) Surpluses of 8 units of agricultural products and 620 units of manufactured products are desired. Find the gross production of each industry.
(b) Find the additional production needed from each industry for 1 more unit of manufacturing 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 05:02 AM

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An underdeveloped country has an agricultural industry and a manufacturing industry, with technology matrix A. (a) Surpluses

Question:

A 0.20 Agriculture 0.20 0.45 Manufacturing L0.20

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a Where x 1 gross production for agr and x 2 gross pro...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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