Assume that an economy is based on two industrial sectors, agriculture (A) and energy (E). The...
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Assume that an economy is based on two industrial sectors, agriculture (A) and energy (E). The technology matrix M is: E ↑ A→ E→ A ↑ 0.6 0.1 0.2 0.4 = M How much input from A and E are required to produce a dollar's worth of output for A? The input from A required to produce a dollar's worth of output for A is The input from E required to produce a dollar's worth of output for A is www Assume that an economy is based on two industrial sectors, agriculture (A) and energy (E). The technology matrix M is: E ↑ A→ E→ A ↑ 0.6 0.1 0.2 0.4 = M How much input from A and E are required to produce a dollar's worth of output for A? The input from A required to produce a dollar's worth of output for A is The input from E required to produce a dollar's worth of output for A is www
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