Suppose the economy of an underdeveloped country has an agricultural industry and an oil industry, with technology
Question:
Suppose the economy of an underdeveloped country has an agricultural industry and an oil industry, with technology matrix A.
![0.2 0.2] Agricultural products 0.4 Oil products 0.1 L0.2](https://dsd5zvtm8ll6.cloudfront.net/si.question.images/image/images15/1386-M-C-L-A-D(2749).png)
(a) If surpluses of 0 units of agricultural products and 610 units of oil products are desired, find the gross production of each industry.
(b) Find the additional production needed from each industry for 1 more unit of oil products surplus?
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a Where x 1 gross production for agriculture and x 2 gross ...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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