Suppose that the economy of a small nation has an electronics industry, a steel industry, and an

Question:

Suppose that the economy of a small nation has an electronics industry, a steel industry, and an auto industry, with the following technology matrix.

0.6 Electronics 0.2 0.2 0.1 0.4 A = 0.1 Steel 0.5 L0.1 0.2 0.2 Autos

If the nation wishes to have surpluses of 100 units of electronics production, 272 units of steel production, and 200 automobiles, find the gross production of 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 05:03 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 that the economy of Example 1 experiences a 20% increase in the demand for coal. At what levels should the three industries produce?
Suppose the coal and steel industries form an open economy. Every $1 produced by the coal industry requires $0.15 of coal and $0.20 of steel. Every $ 1 produced by steel requires $0.25 of coal and...
The Kroger Company reported the following data in its annual report (in millions). Instructions a. Compute Kroger?s inventory turnovers for fiscal years ending January 28, 2017, and January 30, 2016,...
Two solid rods have the same elastic modulus, but one is twice as dense as the other. In which rod will the speed of longitudinal waves be greater, and by what factor?
On January 1, 2019, Nadal SE had the following equity accounts. Share Capital-Ordinary (10 par value, 60,000 shares issued and outstanding)......600,000 Share...
3 Identify the different stages through which cross-cultural negotiations tend to move. Explain how each stage influences the outcome of negotiations.
Why has the Internet lowered the switching costs for consumers?
Byrd Enterprises has no debt. Its current total value is $47.8 million. Assume debt proceeds are used to repurchase equity. Ignoring taxes, what will the companys value be if it sells $18.8 million...
1) Use the base case assumptions as well as the information presented in the case to build a four-year discounted cash flow model for Advanced Seal given a 50% cannibalization rate for the Premium...
Suppose that an economy has the same technology matrix as the economy in Problem 27. If surpluses of 180 units of fishing output, 90 units of agricultural goods, and 40 units of mining goods are...
The following technology matrix describes the relationship of certain industries within the economy to each other. (A&F, agriculture and food; RM, raw materials; M, manufacturing; F, fuels industry;...
Efficiency ______. a. Makes the size of the economic pie as large as possible b. Is achieved when the economy gets the most out of its resources c. Both makes the size of the economic pie as large as...
How do transnational organizations and agreements influence national sovereignty and political autonomy ?
How do individuals reconcile the tension between rational deliberation and emotional impulses when making consequential decisions amidst volatile environments, and to what extent does the phenomenon...
Watch the video clip below; https://www.youtube.com/watch?v=sE6Ox3ikCMU 1. Do you think that 'Rick and Morty' was a good choice? Justify your answer. 2. Do you think that this campaign will work for...
by the hypothesis that we want to do descriptive method, and quantative research in Tim hortons company, the question is A convincing closing statement, including that you'll develop your research...
Bottom of Form Why do you think ethics is important in healthcare management? What do you see as the biggest risks and temptations? How is your INTEGRITY a core principle in your professional ethical...
Problems 4251. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for later sections, a final exam, or subsequent courses such as calculus. Find...
Determine the resultant moment produced by the forces about point O. 0.25 m 0.125 m, 0 0.3 m- 60 F = 500 N F = 600 N
Evaluate the integrals in Problem. 5y 3 e 2y4-1 dy
Evaluate the integrals in Problem. 3/e 2x dx
In Problem, cost, revenue, and profit are in dollars and x is the number of units. The average cost of a product changes at the rate C'(x) = -6x -2 + 1/6 and the average cost of 6 units is $10. (a)...
Los datos de la columna C tienen caracteres no imprimibles antes y despus de los datos contenidos en cada celda. En la celda G2, ingrese una frmula para eliminar cualquier carcter no imprimible de la...
Explain impacts of changing FIFO method to weighted average method in inventory cost valuations? Explain impacts of changing Weighted average method to FIFO method in inventory cost valuations?...
A perpetuity makes payments starting five years from today. The first payment is 1000 and each payment thereafter increases by k (in %) (which is less than the effective annual interest rate) per...

Suppose that the economy of a small nation has an electronics industry, a steel industry, and an

Question:

0.6 Electronics 0.2 0.2 0.1 0.4 A = 0.1 Steel 0.5 L0.1 0.2 0.2 Autos

Step by Step Answer:

Is the required augment...View the full answer

Mathematical Applications for the Management Life and Social Sciences

Students also viewed these Calculus questions