Suppose that an economy has three industries, fishing, agriculture, and mining, and that matrix A is the

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Suppose that an economy has three industries, fishing, agriculture, and mining, and that matrix A is the technology matrix for this economy.

м 0.5 0.1 0.1 Fishing A = 0.3 0.5 0.2 Agriculture 0.1 0.3 0.4 Mining

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?

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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 05:03 AM

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Suppose that an economy has three industries, fishing, agriculture, and mining, and that matrix A is the

Question:

м 0.5 0.1 0.1 Fishing A = 0.3 0.5 0.2 Agriculture 0.1 0.3 0.4 Mining

Step by Step Answer:

I A X D or X I A 1 D 400 un...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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