Suppose an economy has the technology matrix below. If surpluses of 525 units of electronics, 31 units of steel, and 140 autos are desired, find the gross production for each industry.

A) electronics = 2150, steel = 985, autos = 690
B) electronics = 2150, steel = 2152, autos = 690
C) electronics = 2150, steel = 690, autos = 985
D) electronics = 2152, steel = 985, autos = 690
E) electronics = 2152, steel = 690, autos = 992

Question

Suppose an economy has the technology matrix below. If surpluses of 525 units of electronics, 31 units of steel, and 140 autos are desired, find the gross production for each industry. ​
​  ​
A) electronics = 2150, steel = 985, autos = 690 
B) electronics = 2150, steel = 2152, autos = 690 
C) electronics = 2150, steel = 690, autos = 985 
D) electronics = 2152, steel = 985, autos = 690 
E) electronics = 2152, steel = 690, autos = 992

Quizplus · Accepted Answer

The Answer of Suppose an economy has the technology matrix below. If surpluses of 525 units of electronics, 31 units of steel, and 140 autos are desired, find the gross production for each industry. ​
​  ​
A) electronics = 2150, steel = 985, autos = 690 
B) electronics = 2150, steel = 2152, autos = 690 
C) electronics = 2150, steel = 690, autos = 985 
D) electronics = 2152, steel = 985, autos = 690 
E) electronics = 2152, steel = 690, autos = 992

Suppose an Economy Has the Technology Matrix Below