Suppose an economy has two industries, agriculture and minerals. Suppose further that the technology matrix for this economy is A.
If surpluses of 40 agricultural units and 70 mineral units are desired, find the gross production to the nearest unit for each industry.
A) agriculture = 167, minerals = 103
B) agriculture = 65, minerals = 167
C) agriculture = 71, minerals = 96
D) agriculture = 71, minerals = 103
E) agriculture = 65, minerals = 96
Correct Answer:
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