Suppose an economy has two industries, agriculture and minerals. Suppose further that the technology matrix for this

Question:

Suppose an economy has two industries, agriculture and minerals. Suppose further that the technology matrix for this economy is A.

If surpluses of 60 agricultural units and 70 mineral units are desired, find the gross production for each industry?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Question Posted: Feb 09, 2018 05:02 AM

See More Questions

Suppose an economy has the same technology matrix as that in Problem 29. If surpluses of 540 units of electronics, 30 units of steel, and 140 autos are desired, find the gross production for each...
Suppose an economy has only two sectors: Goods and Services. Each year, Goods sells 80% of its output to Services and keeps the rest, while Services sells 70% of its output to Goods and retains the...
Suppose an economy has four sectors: Mining, Lumber, Energy, and Transportation. Mining sells 10% of its output to Lumber, 60% to Energy, and retains the rest. Lumber sells 15% of its output to...
Blackmon Company provides locator services to the city transportation departments. Blackmons service involves installing a dedicated hardware transmitter in each city bus. This transmitter provides...
A guitar string is 90 cm long and has a mass of 3.6g. The distance from the bridge to the support post is L = 62cm and the string is under a tension of 520 N. What are the frequencies of the...
Kate buys car insurance for a one-time premium of$500. Her car is worth$15,000. The insurance policy has a$100deductible. In the case of damage to the car, Kate's payment from the insurance agreement...
What is the difference between the $t$ distribution and the normal distribution?
"For the data in the Excel file Gasoline Prices do the following: a. Develop spreadsheet models for forecasting prices using simple moving average and simple exponential smoothing. b. Compare your...
You are tasked with predicting the occurrence of a binary event E. That is, = EUE, and ENE 0. Let p and 1-p denote your true probabilities for E and E, respectively. Let r and 1-r denote your...
IBS is a global provider of point-of-sale systems and related services that enable businesses to accept electronic payments. As a new hire in the companys international headquarters accounting...
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...
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...
Refer to the Brain and Behavior Evolution (Apr. 2000) study of the feeding behavior of black-bream fish, presented in Exercise 2.162 (p. 96). Recall that the zoologists recorded the number of...
Due to the rapid growth of your technology company, the executive team has asked HR to develop an internal training program. The purpose of the program is to help employees recently promoted to...
1. A close corporation wants their shareholder agreement to indicate that shareholders can withdraw with six months' notice. What else should the transfer restrictions in the share agreement state?...
Roger, who works Darkstar Ltd is extremely proud of his invention and cannot wait to share it with his good friend Mark, who work for another firm. He takes the software and a prototype of the...
Students are expected to read the article referred through https://logisticallyspeaking.online/difference-between-3pl-and-4pl-their-advantages-and-disadvantages/. This article would also be discussed...
a. Assume Alan got into a car, knowing that it was not his, "hot wired" it, and then drove off in it. Is he guilty of violating the statute? Why? b. Assume Bill approached a car that he intended to...
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...
Match the following. Answers may be used more than once: Measurement Method A. Amortized cost B. Equity method C. Acquisition method and consolidation D. Fair value method Reporting Method 1. Less...
In Problem, find the derivative of each function. y = ln (x 4 + 1) 3
In Problem, find the derivative of each function. y = 4 ln (x 3 + 1)
In Problem, find the derivative of each function. y = 5e x3 + x 2
A retirement home in Florida costs $ 2 0 0 , 0 0 0 today. Housing prices in Florida are increasing at a rate of 4 % per year. Joe wants to buy the home in 8 years when he retires. Joe has $ 2 5 , 0 0...
1. (55 points) Answer the following questions about the steady state system shown below. (Don't worry about starting from 1st Law - use common engineering assumptions.) a) Is it appropriate to use...
Describe at least three ways that Guidance Software responds to and helps to manage changes in our technology - driven world? Describe what forecasting involves and list three limitations to...

Suppose an economy has two industries, agriculture and minerals. Suppose further that the technology matrix for this

Question:

M 0.3 Agriculture 0.1 0.1 _0.1 Minerals 0.2 0.2

Step by Step Answer:

Where x 1 gross production f...View the full answer

Mathematical Applications for the Management Life and Social Sciences

Students also viewed these Calculus questions