Suppose the technology matrix for a closed model of a simple economy is given by Find the

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Suppose the technology matrix for a closed model of a simple economy is given by

M 0.1 н Products 0.5 0.2 0.3 Machinery Households 0.1 0.4 0.6 0.8

Find the gross productions for the industries.
Problems refer to closed Leontief models?

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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 the technology matrix for a closed model of a simple economy is given by Find the

Question:

M 0.1 н Products 0.5 0.2 0.3 Machinery Households 0.1 0.4 0.6 0.8

Step by Step Answer:

05P 01M 02H P 05P 01M 02H 0 01P 03M 00H M or 01P ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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