Suppose a primitive economy consists of two industries, farm products and farm machinery. Suppose also that its technolo

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Suppose a primitive economy consists of two industries, farm products and farm machinery. Suppose also that its technolo

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Suppose A Primitive Economy Consists Of Two Industries Farm Products And Farm Machinery Suppose Also That Its Technolo 1
Suppose A Primitive Economy Consists Of Two Industries Farm Products And Farm Machinery Suppose Also That Its Technolo 1 (206.39 KiB) Viewed 17 times
Suppose a primitive economy consists of two industries, farm products and farm machinery. Suppose also that its technology matrix is represented by the matrix shown below. PM Products 0.4 0.2 0.2 0.4 Machinery A = If surpluses of 81 units of farm products and 5 units of farm machinery are desired, find the gross production of each industry. products machinery Need Help? Read It units units Master It
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