Question: Suppose that an economy has the same technology matrix as the economy in Problem 27. If surpluses of 180 units of fishing output, 90 units
In problem 27,
Suppose that an economy has three industries, fishing, agriculture, and mining, and that matrix A is the technology matrix for this economy.
![A ΠΌ 0.1 Fishing 0.1 0.5 0.5 0.2 Agriculture A = 0.3 0.3 0.4] Mining 0.1](https://dsd5zvtm8ll6.cloudfront.net/si.question.images/image/images15/1386-M-C-L-A-D(2762).png)
If surpluses of 110 units of fishing output and 50 units each of agricultural and mining goods are desired, find the gross production of each industry?
A 0.1 Fishing 0.1 0.5 0.5 0.2 Agriculture A = 0.3 0.3 0.4] Mining 0.1
Step by Step Solution
3.32 Rating (161 Votes )
There are 3 Steps involved in it
I A X D or X I A ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
1386-M-C-L-A-D(2762).docx
120 KBs Word File
