A primitive economy has a mining industry and a fishing industry, with technology matrix A. If surpluses
Question:
If surpluses of 147 units of mining output and 26 units of fishing output are desired, find the gross production of each industry?
Transcribed Image Text:
M 0.05 Mining 0.05 0.40 0.40 Fishing A
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
Where X 1 gross produ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Calculus questions
-
One sector of an economy consists of a mining industry and a manufacturing industry, with technology matrix A. (a) Surpluses of 36 units of mining output and 278 units of manufacturing output are...
-
Suppose a primitive economy consists of two industries, farm products and farm machinery. Suppose also that its technology matrix is If surpluses of 96 units of farm products and 8 units of farm...
-
A primitive economy consists of a fishing industry and an oil industry. A unit of fishing industry output requires 0.30 unit of fishing industry input and 0.35 unit of oil industry input. A unit of...
-
Using the information for Sarot, Inc., in SE 4 and SE 5, compute the current ratio, quick ratio, receivable turnover, days sales uncollected, inventory turnover, days inventory on hand, payables...
-
The velocity of waves on a string is 92m/s. If the frequency of standing waves is 475 Hz, how far apart are two adjacent nodes?
-
Apple invested $10,495 in the current year to expand its manufacturing capacity. Assume that these assets have a 10-year life and generate net cash flows of $3,000 per year, and that Apple requires a...
-
What are the tests that could be used in a two-independent-samples $t$ test for proportions?
-
Mr. Brooks is employed as a financial analyst by a large Canadian public firm located in Winnipeg. During 2018, his basic gross salary amounts to $63,000. In addition, he was awarded an $11,000 bonus...
-
How do these parenting styles differ? How might each parenting style affect socioemotional development? What is an example of a behavior exhibited by both the parent and the child associated with...
-
The following information is available for Park Valley Spa for July Year 1: The following is a list of checks and deposits recorded on the books of the Park Valley Spa for July Year 1: Other...
-
An economy is based on two industries: utilities and manufacturing. The technology matrix for these industries is A. If surpluses of 80 units of utilities output and 180 units of manufacturing are...
-
Suppose the economy of an underdeveloped country has an agricultural industry and an oil industry, with technology matrix A. (a) If surpluses of 0 units of agricultural products and 610 units of oil...
-
How do you ensure data quality?
-
Acme Crane Co. provided crane service for Printskip, Inc. to move a huge printing press for it. Printskip negotiates with Acme to temporarily store the huge printing press at Acme's warehouse and to...
-
Jean incorporates the business into a company named Jean's Coffee Shop Pty Ltd. Jean is one of three directors under the new corporate structure. The company raises capital to expand the business by...
-
X Co. owns land all over downtown Toronto. From time to time, X Co. has used John Jones as its agent to sell land that it owns. X Co. hires John and tells him it wants to sell a downtown property...
-
On February 10, 2021, Robert, who is uninsured, walked into Manor Medical Center's emergency room complaining of an extremely high fever, cough and shortness of breath. He was screened and was later...
-
Scenario #1 Student Loans Sallie Mae is a publicly traded U.S. corporation that lends billions of dollars in student loans. Twenty-five percent of all student borrowers hold Sallie Mae loans. There...
-
The polynomial x 6 - 1 can be considered either a difference of squares or a difference of cubes. Work Exercises in order, to connect the results obtained when two different methods of factoring are...
-
Is it ethical to provide safety training in English to immigrant workers who speak little English, in order to reduce costs?
-
If in Problem 40 the mountain bikes cost the shop $1360 each, at what selling price will MMR IIs profit be a maximum?
-
The total cost function for a product is C = 2x 2 + 54x + 98. How many units must be produced to minimize average cost?
-
The table gives the number of women age 16 years or older (in millions) in the U.S. civilian workforce for selected years from 1950 and projected to 2050. (a) Use x as the number of years past 1950...
-
Details of the capital structure of Webber Ltd. appear below: Bonds Number issued Coupon rate Interest payments Years to maturity 27,000 6% semi-annually 10 $90 Current price Preferred shares Number...
-
An Ice cream company has commissioned an ice sculpture for their end of year celebration. The ice sculpture is in the shape of a giant ice cream cone-the shape can be thought of as a cone with one...
-
1. A soft drink vendor at a popular beach resort analyzes his sales records and finds that if he seels x cans of pop in one day, his profit in dollars is given by the function P(x) = -0.012+3x-80....
Study smarter with the SolutionInn App