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Suppose a Simple Economy with Only an Agricultural Industry and a Steel

Question 201

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Suppose a simple economy with only an agricultural industry and a steel industry has the following technology matrix. ​ 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
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

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