One sector of an economy consists of a mining industry and a manufacturing industry, with technology matrix
Question:
(a) Surpluses of 36 units of mining output and 278 units of manufacturing output are desired. Find the gross production of each industry.
(b) Find the additional production needed from each industry for 1 more unit of mining surplus?
Transcribed Image Text:
M Mfg 0.2 Mining 0.1 0.3 Manufacturing 0.3 _0.6
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (5 reviews)
a Or b The additional ...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ 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
-
An economy consists of the three sectors agriculture, energy, and manufacturing. For each $1 worth of output, the agriculture sector requires $.08 worth of input from the agriculture sector, $.10...
-
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...
-
A look at the industrial sector of an economy can be simplified to include three industries: the mining industry, the manufacturing industry, and the fuels industry. The technology matrix for this...
-
Local 54 has retained James Love to represent it in a grievance against Dilated Peoples Optical Inc. The union is grieving the employers decision to exclude from the bargaining unit the position of...
-
If a violin string vibrates at 440 Hz as its fundamental frequency, what are the frequencies of the first four harmonics?
-
The shaft assembly is supported by two smooth journal bearings A and B and a short link DC. If a couple moment is applied to the shaft as shown, determine the components of force reaction at the...
-
Water at \(60^{\circ} \mathrm{F}\) is flowing through the 2 -in. steel pipe shown in Fig. P5.82 at the rate of \(90 \mathrm{gal} / \mathrm{min}\). Determine the torque developed at the base where the...
-
Midwest Company manufactures portable radios. Shop Smart, a large retail merchandiser, wants to buy 200,000 radios from Midwest for $12 each. The radio would carry Shop Smarts name and would be sold...
-
Blue Bird Sporting Goods reported the following data at July 31, 2021, with amounts in thousands: (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Read the...
-
Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of the local Chamber of Commerce, while Wanda is employed part-time as a...
-
Suppose a simple economy with only an agricultural industry and a steel industry has the following technology matrix. (a) If surpluses of 15 units of agricultural products and 35 units of steel are...
-
An underdeveloped country has an agricultural industry and a manufacturing industry, with technology matrix A. (a) Surpluses of 8 units of agricultural products and 620 units of manufactured products...
-
Tim Jarosz Company had the following account balances at year-end before adjustment: Cost of Goods Sold $60,000, Inventory $15,000, Utilities Expense $29,000, Sales Revenue $115,000, Sales Discounts...
-
Is it ethical for large firms to unilaterally lengthen their payable periods, particularly when dealing with smaller suppliers? Is an 82-day payables period necessarily bad? Explain.
-
Xstrata plc is currently priced at 10.52. A call option with an expiration of 6 months has an exercise price of 9.00. The risk-free rate is 3 per cent per year, compounded continuously, and the...
-
Charles River Associates is considering whether to refinance either of the two perpetual bond issues the company currently has outstanding. Here is information about the two bond issues: Coupon rate...
-
Pillow Private Bank has the following market value balance sheet: (a) What is the duration of the assets? (b) What is the duration of the liabilities? (c) Is the bank immune from interest rate risk?...
-
This morning you agreed to buy a 1-year Treasury bond in 6 months. The bond has a face value of 100,000. Use the spot interest rates listed here to answer the following questions: (a) What is the...
-
ICU Window, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with seven years to maturity that is quoted at 108 percent of face value. The issue makes semiannual...
-
An Atomic Energy Commission nuclear facility was established in Hanford, Washington, in 1943. Over the years, a significant amount of strontium 90 and cesium 137 leaked into the Columbia River. In a...
-
Find the derivatives of the functions in Problem. y = 1 2e
-
In Problem, use the graph shown in the figure and identify points from A through I that satisfy the given conditions. (a) f'(x) > 0 and f"(x) < 0 (b) f'(x) < 0 and f"(x) > 0 (c) f'(x) = 0 and f"(x) <...
-
In Problem, find the differential of each function. u = 2x 5 + 9
-
According to theknot.com, online dating is the most common way people meet their spouses today. This claim was based on a survey of 1,400 randomly selected recently married couples, with 266...
-
Miller's Hardware plans on saving $40,000, $50,000, and $58,000 at the end of each year for the next three years, respectively. How much will the firm have saved at the end of the three years if it...
-
Wizmo technologies is producing a new kids watch, an electronic gadget for kids to stay connected with their parents. The project requires an initial investment in plant and equipment of 6 million....
Study smarter with the SolutionInn App