Suppose the economy of an underdeveloped country has an agricultural industry and an oil industry, with technology matrix A.
If surpluses of 0 units of agricultural products and 610 units of oil products are desired, find the gross production of each industry to the nearest unit.

A) agricultural = 800, oil = 825
B) agricultural = 110, oil = 700
C) agricultural = 110, oil = 715
D) agricultural = 100, oil = 715
E) agricultural = 100, oil = 700

Question

Suppose the economy of an underdeveloped country has an agricultural industry and an oil industry, with technology matrix A. ​  ​
If surpluses of 0 units of agricultural products and 610 units of oil products are desired, find the gross production of each industry to the nearest unit.
​
A) agricultural = 800, oil = 825 
B) agricultural = 110, oil = 700 
C) agricultural = 110, oil = 715 
D) agricultural = 100, oil = 715 
E) agricultural = 100, oil = 700

Quizplus · Accepted Answer

The Answer of Suppose the economy of an underdeveloped country has an agricultural industry and an oil industry, with technology matrix A. ​  ​
If surpluses of 0 units of agricultural products and 610 units of oil products are desired, find the gross production of each industry to the nearest unit.
​
A) agricultural = 800, oil = 825 
B) agricultural = 110, oil = 700 
C) agricultural = 110, oil = 715 
D) agricultural = 100, oil = 715 
E) agricultural = 100, oil = 700

Suppose the Economy of an Underdeveloped Country Has an Agricultural