Question: Suppose an economy has the same technology matrix as that in Problem 29. If surpluses of 540 units of electronics, 30 units of steel, and
Suppose an economy has the same technology matrix as that in Problem 29. If surpluses of 540 units of electronics, 30 units of steel, and 140 autos are desired, find the gross production for each industry.
In problem 29,
Suppose that the economy of a small nation has an electronics industry, a steel industry, and an auto industry, with the following technology matrix.
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If the nation wishes to have surpluses of 100 units of electronics production, 272 units of steel production, and 200 automobiles, find the gross production of each industry?
0.6 0.2 Electronics 0.2 0.4 0.4 0.5 Steel A = 0.1 0.2 0.2 0.1 Autos
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