Suppose a simple economy with only an agricultural industry and a steel industry has the following technology
Question:
Suppose a simple economy with only an agricultural industry and a steel industry has the following technology matrix.
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(a) If surpluses of 15 units of agricultural products and 35 units of steel 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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a Where x 1 gorses production for agriculture a...View the full answer
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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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