SOLUTION: Suppose the following matrix represents the input-output matrix of a primitive economy that depends on two basic goods, yams and pigs. How much of each commodity should be produced
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Question 285755: Suppose the following matrix represents the input-output matrix of a primitive economy that depends on two basic goods, yams and pigs. How much of each commodity should be produced to get 20 bushels of yams and 18 pigs? (It is not necessary to round to a whole-number quantity of pigs.)
yams pigs
yams[1/4 1/6]
pigs[1/2 0 ]
Answer by Tiger-T(2) (Show Source): You can put this solution on YOUR website!
Suppose the following matrix represents the input-output matrix of a primitive economy that depends on two basic goods, yams and pigs. How much of each commodity should be produced to get 20 bushels of yams and 18 pigs? (It is not necessary to round to a whole-number quantity of pigs.)
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