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Suppose a Primitive Economy Consists of Two Industries, Farm Products

Question 15

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Suppose a primitive economy consists of two industries, farm products and farm machinery. Suppose also that its technology matrix is ​ Suppose a primitive economy consists of two industries, farm products and farm machinery. Suppose also that its technology matrix is ​   If surpluses of 97 units of farm products and 18 units of farm machinery are desired, find the gross production of each industry. ​ A) 205 units of farm product, 60 units of machinery B) 260 units of farm product, 60 units of machinery C) 210 units of farm product, 55 units of machinery D) 205 units of farm product, 55 units of machinery E) 260 units of farm product, 270 units of machinery If surpluses of 97 units of farm products and 18 units of farm machinery are desired, find the gross production of each industry.


A) 205 units of farm product, 60 units of machinery
B) 260 units of farm product, 60 units of machinery
C) 210 units of farm product, 55 units of machinery
D) 205 units of farm product, 55 units of machinery
E) 260 units of farm product, 270 units of machinery

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