Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

National exporters (NE) Ltd manufactures Agricultural, Industrial and mineral products. One shilling worth of Agricultural output requires inputs worth Ksh 0.1, Ksh 0.15 and Ksh

National exporters (NE) Ltd manufactures Agricultural, Industrial and mineral products. One shilling worth of Agricultural output requires inputs worth Ksh 0.1, Ksh 0.15 and Ksh 0.20 from Agricultural, Industrial and mineral products respectively. One shilling worth of Industrial output requires inputs worth Ksh 0.25, Ksh 0.15 and Ksh 0.30 from Agricultural, Industrial and mineral products respectively. One shilling worth of Mineral output requires inputs worth Ksh 0.24, Ksh 0.16 and Ksh 0.16 from Agricultural, Industrial and mineral products respectively. In the next financial year, NE Ltd Plans to produce products worth Ksh 40 million, Ksh 20 million and ksh 50 million for the Agricultural, Industrial and mineral products respectively. Required i) Derive the technological matrix ( 2 marks ) ii) Write down the intermediate demand for each type of product ( 3 marks ) iii) Compute the final demand for each type of product. (3 marks ) iv) Compute the total worth of primary inputs ( 2 marks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Business Law And The Legal Environment

Authors: Richard A Mann, Barry S Roberts

10th Edition

0324593562, 9780324593563

More Books

Students also viewed these Economics questions

Question

The role of life: It consists of your own service to yourself.

Answered: 1 week ago