Suppose a simple economy with only an agricultural industry and a steel industry has the following technology matrix.
If surpluses of 15 units of agricultural products and 34 units of steel are desired, find the gross production to the nearest unit of each industry.
A) agriculture = 74, steel = 103
B) agriculture = 175, steel = 174
C) agriculture = 174, steel = 175
D) agriculture = 71, steel = 103
E) agriculture = 74, steel = 101
Correct Answer:
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