subject
Mathematics, 22.02.2021 18:30 gomez36495983

Consider an economy with three​ sectors, Chemicals​ & Metals, Fuels​ & Power, and Machinery. Chemicals sells ​% of its output to Fuels and ​% to Machinery and retains the rest. Fuels sells ​% of its output to Chemicals and ​% to Machinery and retains the rest. Machinery sells ​% of its output to Chemicals and ​% to Fuels and retains the rest. Required:
a. Construct the exchange table For this economy.
b. Develop a system of equations that leads to prices at which each sector's income matches its expenses. Then write the augmented matrix that can be row reduced to find these prices.
c. Find a set of equilibrium prices when the price for the Machinery output is loo units.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 18:00
Henry is an avid reader, he devours 90 pages in half an hour how many pages has henry read per minute?
Answers: 1
question
Mathematics, 21.06.2019 20:00
Select the number of ways in which a line and a circle can intersect
Answers: 3
question
Mathematics, 21.06.2019 22:50
Ur environment is very sensitive to the amount of ozone in the upper atmosphere. the level of ozone normally found is 4.04.0 parts/million (ppm). a researcher believes that the current ozone level is not at a normal level. the mean of 2525 samples is 4.44.4 ppm with a standard deviation of 0.80.8. assume the population is normally distributed. a level of significance of 0.020.02 will be used. make the decision to reject or fail to reject the null hypothesis. answer tables
Answers: 3
question
Mathematics, 22.06.2019 02:00
How many square inches are in 60 square feet?
Answers: 1
You know the right answer?
Consider an economy with three​ sectors, Chemicals​ & Metals, Fuels​ & Power, and Mach...
Questions
question
World Languages, 20.10.2019 20:30
Questions on the website: 13722360