Suppose that an economy has the technology matrix below. If surpluses of 56 units of manufactured goods and 104 units of agricultural goods are desired, find the gross production of each industry.
A) service = 75, manufacturing = 220, agriculture = 200
B) service = 75, manufacturing = 220, agriculture = 210
C) service = 70, manufacturing = 220, agriculture = 200
D) service = 70, manufacturing = 250, agriculture = 200
E) service = 75, manufacturing = 250, agriculture = 210

Question

Suppose that an economy has the technology matrix below. If surpluses of 56 units of manufactured goods and 104 units of agricultural goods are desired, find the gross production of each industry. ​  ​
A) service = 75, manufacturing = 220, agriculture = 200 
B) service = 75, manufacturing = 220, agriculture = 210 
C) service = 70, manufacturing = 220, agriculture = 200 
D) service = 70, manufacturing = 250, agriculture = 200 
E) service = 75, manufacturing = 250, agriculture = 210

Quizplus · Accepted Answer

The Answer of Suppose that an economy has the technology matrix below. If surpluses of 56 units of manufactured goods and 104 units of agricultural goods are desired, find the gross production of each industry. ​  ​
A) service = 75, manufacturing = 220, agriculture = 200 
B) service = 75, manufacturing = 220, agriculture = 210 
C) service = 70, manufacturing = 220, agriculture = 200 
D) service = 70, manufacturing = 250, agriculture = 200 
E) service = 75, manufacturing = 250, agriculture = 210

Suppose That an Economy Has the Technology Matrix Below