Suppose an Economy Has Two Industries, Agriculture and Minerals

question 151

Multiple Choice

Suppose an economy has two industries, agriculture and minerals. Suppose further that the technology matrix for this economy is A. ​ ​
If surpluses of 40 agricultural units and 70 mineral units are desired, find the gross production to the nearest unit for each industry.
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• A)agriculture = 167, minerals = 103
• B)agriculture = 65, minerals = 167
• C)agriculture = 71, minerals = 96
• D)agriculture = 71, minerals = 103
• E)agriculture = 65, minerals = 96

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Definitions:

Span of Management

The number of subordinates or direct reports that a manager or supervisor can effectively oversee, also known as span of control.