Suppose a primitive economy consists of two industries, farm products and farm machinery. Suppose that to make one unit of products 0.6 units of products and 0.2 units of machinery are required as inputs. Similarly, to make one unit of machinery 0.2 units of products and 0.4 units of machinery are required as inputs. If surpluses of 81 units of farm products and 5 units of farm machinery are desired, find the gross production of each industry.
Suppose a primitive economy consists of two industries, farm products and farm machinery. Suppose that to make one unit of products 0.6 units of products and 0.2 units of machinery are required as inputs. Similarly, to make one unit of machinery 0.2 units of products and 0.4 units of machinery are required as inputs. If surpluses of 81 units of farm products and 5 units of farm machinery are desired, find the gross production of each industry.
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Suppose a primitive economy consists of two industries, farm products and farm machinery.
Suppose that to make one unit of products 0.6 units of products and 0.2 units of machinery are
required as inputs. Similarly, to make one unit of machinery 0.2 units of products and 0.4 units of
machinery are required as inputs. If surpluses of 81 units of farm products and 5 units of farm
machinery are desired, find the gross production of each industry.
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