A simple society economy consists of wool production, Butchery and Hides. 60% of each unit of...
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A simple society economy consists of wool production, Butchery and Hides. 60% of each unit of wool output goes towards wool production, 10% towards running of the butchery and the rest towards hides. Each of output from the butchery is shared among the three sectors, wool, butchery and hides in the ratio 3:5:2. 20% of each of the hide's output goes towards wool production, 10% towards running of the butchery and the rest towards to itself. The external demand for wool, butchery and hides is 600 units, 1500 units and 900 units respectively. Required: Find the total output from each sector (5 Marks) A simple society economy consists of wool production, Butchery and Hides. 60% of each unit of wool output goes towards wool production, 10% towards running of the butchery and the rest towards hides. Each of output from the butchery is shared among the three sectors, wool, butchery and hides in the ratio 3:5:2. 20% of each of the hide's output goes towards wool production, 10% towards running of the butchery and the rest towards to itself. The external demand for wool, butchery and hides is 600 units, 1500 units and 900 units respectively. Required: Find the total output from each sector (5 Marks)
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Posted Date:
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