Suppose that the economy of a small nation has an electronics industry, a steel industry, and an auto industry, with the following technology matrix. ES A 0.6 0.2 0.2] Electronics A - 0.1 0.4 0.5 Steel 0.1 0.2 0.2 Autos If the nation wishes to have surpluses of 80 units of electronics production, 255 units of steel production and 240 automobiles, find the gross production of each industry. electronics units steel units autos units
Suppose that the economy of a small nation has an electronics industry, a steel industry, and an auto industry, with the following technology matrix. ES A 0.6 0.2 0.2] Electronics A - 0.1 0.4 0.5 Steel 0.1 0.2 0.2 Autos If the nation wishes to have surpluses of 80 units of electronics production, 255 units of steel production and 240 automobiles, find the gross production of each industry. electronics units steel units autos units
Chapter1: Making Economics Decisions
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![Suppose that the economy of a small nation has an electronics industry, a steel industry, and an auto
industry, with the following technology matrix.
ES A
0.6 0.2 0.2] Electronics
A - 0.1 0.4 0.5 Steel
0.1 0.2 0.2] Autos
If the nation wishes to have surpluses of 80 units of electronics production, 255 units of steel production
and 240 automobiles, find the gross production of each industry.
electronics
units
steel
units
autos
units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F48b6d298-bf82-4a83-97ad-03d8c4dc45d7%2F4b70a7ec-1a0a-4c8d-b861-96d3d3f03399%2Fevt3ibh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose that the economy of a small nation has an electronics industry, a steel industry, and an auto
industry, with the following technology matrix.
ES A
0.6 0.2 0.2] Electronics
A - 0.1 0.4 0.5 Steel
0.1 0.2 0.2] Autos
If the nation wishes to have surpluses of 80 units of electronics production, 255 units of steel production
and 240 automobiles, find the gross production of each industry.
electronics
units
steel
units
autos
units
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