A certain economy which produces two goods and has the technology matrix=(Recall that the entry of is the amount of good required to produce one unit of good ) Find the amount of good in the production schedule that meets an external demand for 120 units of good and 100 units of good A certain economy which produces two goods G1 and G2 has the technology matrixA= L 02 06 J(Recall that the entry aij of A is the amount of good Gi required to produce one unit of good Gj.)Find the amount of good G1 in the production schedule that meets an external demand for120 units of good G1 and 100 units of good G2.а) 520g) 380b) 440h) 16с) 84j) 76d) 320k) 60e) 4701) none of the othersf) 44

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Answered: A certain economy which produces two…

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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A certain economy which produces two goods and has the technology matrix

(Recall that the entry of is the amount of good required to produce one unit of good ) Find the amount of good in the production schedule that meets an external demand for 120 units of good and 100 units of good

A certain economy which produces two goods G1 and G2 has the technology matrix
A= L 02 06 J
(Recall that the entry aij of A is the amount of good Gi required to produce one unit of good Gj.)
Find the amount of good G1 in the production schedule that meets an external demand for
120 units of good G1 and 100 units of good G2.
а) 520
g) 380
b) 440
h) 16
с) 84
j) 76
d) 320
k) 60
e) 470
1) none of the others
f) 44

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