Assume the economy consists of 3 sectors namely agriculture (A), manufacturing (M) and energy (E). In...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Assume the economy consists of 3 sectors namely agriculture (A), manufacturing (M) and energy (E). In general, part of the output from one sector will be used by other sectors through purchases and the surplus will be sold to meet the final consumer demand. The buying and selling relationships are shown by the matrix below. [0.2 0.2 0.11 0.2 0.4 0.1 L0.1 0.2 0.31 Calculate the total production if the final consumer demand is 80 units for A, 60 units for M and 50 units for E. Assume the economy consists of 3 sectors namely agriculture (A), manufacturing (M) and energy (E). In general, part of the output from one sector will be used by other sectors through purchases and the surplus will be sold to meet the final consumer demand. The buying and selling relationships are shown by the matrix below. [0.2 0.2 0.11 0.2 0.4 0.1 L0.1 0.2 0.31 Calculate the total production if the final consumer demand is 80 units for A, 60 units for M and 50 units for E.
Expert Answer:
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
Posted Date:
Students also viewed these accounting questions
-
A particle of mass m and energy E collides with an identical stationary particle. What is the threshold energy for a final state containing N particles of mass m? (Threshold energy is the minimum...
-
The accounts that will be used by Zant Moving Company follow. Prepare a chart of accounts for the firm. Classify the accounts by type, arrange them in an appropriate order, and assign suitable...
-
The accounts that will be used by Dad & Sons Moving Company follow. Prepare a chart of accounts for the firm. Classify the accounts by type, arrange them in an appropriate order, and assign suitable...
-
Jeremy acquired the following ordinary shares in Scarlon plc: He made no further acquisitions during 2021. On 22 December 2020, he sold 10,000 shares in the company for 10 per share. Calculate the...
-
Repeat the analysis of Prob. 374 for shaft AB. Assume that bearing A carries the thrust load. Prob. 374, In the figure, shaft AB transmits power to shaft CD through a set of bevel gears contacting at...
-
Thanh Nguyen started a business, Nguyen Import Services, on August 1, 2024. After consulting with a friend who had taken introductory accounting, Thanh created a chart of accounts for the business as...
-
Two objects A and B having inertias \(m_{a}=m\) and \(m_{b}=3 m\) are moving with velocities \(v_{a}=v\) and \(v_{b}=3 v\). Find the velocities of the two objects in the zero-momentum frame of...
-
Prepare the journal entries necessary to record Dao Companys following stock transactions during 2014: Oct. 1 Purchased 2,000 shares of its own $2 par value common stock for $20 per share, the...
-
16. A signal containing multiple frequencies is shown in figure A. It is passed through 2 different filters and then outputs are shown in figure B & C. M (A) S (B) sha (C) (a) B corresponds to low...
-
McGuire decides to start slow with a project testing the increased automation of their horse feed line. Below are the projected cost of the expansion in automation, given a 5 year useful life of the...
-
Create a transaction log for I.M. Farmer based on the following information for calendar year 2019. Create the balance sheet for December 31, 2019. Use the 200% declining balance method (not MACRS)...
-
Three cards are drawn in succession from a deck of 52 cards (without replacement). Let \(D_{1}=\{\) diamond is drawn on the first draw \(\}\), \(D_{2}=\{\) diamond is drawn on the second draw \(\}\),...
-
Use the following tree diagram to answer the questions in Problems 25-30. Find \(P\left(D \mid A_{1}ight) \cdot P\left(A_{1}ight)\). A A2 A3 D D D D D D Path number 1 2 3 4 5 6
-
What is the formula for the probability of a union?
-
A researcher chooses three leaves from a target environment and classifies each sample as fungus free or contaminated. Suppose that a leaf has a probability of 0.2 of being infected. In Problems...
-
A company held a bingo contest for which the following chances of winning were given: What is the expectation (to the nearest cent) from playing one card 13 times? Playing One Card, Your Chances of...
-
Consider the data from the Montreal Company for the year 2022, which is shown in the table.
-
a. Why does the Wi-Fi Alliance release compatibility testing profiles in waves instead of combining the entire standards features initially? 27a1.) An 802.11ac Wi-Fi compatibility testing profile...
-
Consider the stochastic matrix A, where Approximate the stable matrix of A by raising A to a high power. Then find the exact stable distribution by solving an appropriate system of linear equations....
-
Maximize 10x + 20y + 50 subject to the constraints Solve the linear programming problem by the simplex method. + < 10 5x + 2y s 20 2 0, 20.
-
How many flags contain none of the three colors? The three most common colors in the 193 flags of the member nations of the United Nations are red, white, and blue: 52 flags contain all three colors...
-
Why is diversity important in the composition of a governing board?
-
What are the three subject matter areas addressed by the COSO Framework?
-
What are the important aspects of internal control as identified in the COSO Framework?
Study smarter with the SolutionInn App