The technology matrix for an economy based on energy E and mining M is E M M = E M 0.2 0.3 0.4 0.3 The management of these two sectors would like to set the total output level so that the final demand is always 40 % of the total output. Discuss methods that could be used to accomplish this objective.
The technology matrix for an economy based on energy E and mining M is E M M = E M 0.2 0.3 0.4 0.3 The management of these two sectors would like to set the total output level so that the final demand is always 40 % of the total output. Discuss methods that could be used to accomplish this objective.
Solution Summary: The author explains the relation between two sectors, energy and mining, to set the total output level so that the final demand is always 40%.
The technology matrix for an economy based on energy
E
and mining
M
is
E
M
M
=
E
M
0.2
0.3
0.4
0.3
The management of these two sectors would like to set the total output level so that the final demand is always
40
%
of the total output. Discuss methods that could be used to accomplish this objective.
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