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Suppose a Primitive Economy Consists of Two Industries, Farm Products

question 183

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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.


Definitions:

Group Effectiveness

The degree to which a group achieves its objectives, meets the needs of its members, and maintains team health over time.

Leader's Interpersonal Skills

The ability of leaders to effectively communicate, relate, and interact with others.

Path-goal Theory

A leadership theory that suggests leaders can enhance subordinate satisfaction and performance by clarifying the paths to goals and removing obstacles.

Leader Behavior

The actions and mannerisms exhibited by a person in a leadership position as they guide and manage a group of people.

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