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An economy has a technology matrix A =[ ai a1 J and produces 400 units of goods 1 and 100 units of goods 2. In a linear economic model (Leontief model) for this economy, what is the demand for units of goods 2? a) 210 g) none of the others c) 40 A 50 b) 70 d) 230 e) 140

An economy has a technology matrix A =[ ai a1 J and produces 400 units of goods 1 and 100 units of goods 2. In a linear economic model (Leontief model) for this economy, what is the demand for units of goods 2? a) 210 g) none of the others c) 40 A 50 b) 70 d) 230 e) 140

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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03 07 20. An economy has a technology matrix A = a1 a1 J and produces 400 units of goods 1 and 100 units of goods 2. In a linear economic model (Leontief model) for this economy, what is the demand for units of goods 2? a) 210 g) none of the others c) 40 ) 50 b) 70 d) 230 e) 140
Transcribed Image Text:03 07 20. An economy has a technology matrix A = a1 a1 J and produces 400 units of goods 1 and 100 units of goods 2. In a linear economic model (Leontief model) for this economy, what is the demand for units of goods 2? a) 210 g) none of the others c) 40 ) 50 b) 70 d) 230 e) 140
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