An economy has an agricultural industry and a textile industry. Each unit of agricultural output requires 0.4 unit of agricultural input and 0.2 unit of textiles input. Each unit of textiles output requires 0.1 unit of agricultural input and 0.2 unit of textiles input. Write the technology matrix for this economy. (A, agricultural industry; T, textile industry)

Question

An economy has an agricultural industry and a textile industry. Each unit of agricultural output requires 0.4 unit of agricultural input and 0.2 unit of textiles input. Each unit of textiles output requires 0.1 unit of agricultural input and 0.2 unit of textiles input. Write the technology matrix for this economy. (A, agricultural industry; T, textile industry) ​

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The Answer of An economy has an agricultural industry and a textile industry. Each unit of agricultural output requires 0.4 unit of agricultural input and 0.2 unit of textiles input. Each unit of textiles output requires 0.1 unit of agricultural input and 0.2 unit of textiles input. Write the technology matrix for this economy. (A, agricultural industry; T, textile industry) ​

An Economy Has an Agricultural Industry and a Textile Industry