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suppose the economy of an underdeveloped country has an agricultural industry and an oil industry, with technology matrix a.
a= a o
0.4 0.2 agricultural products
0.2 0.1 oil products
(a) if surpluses of 0 units of agricultural products and 655 units of oil products are desired, find the gross production of each industry.
agricultural products units
oil products units
(b) find the additional production needed from each industry for 1 more unit of oil products surplus.
agricultural products unit(s)
oil products unit(s)