1. Consider the production model x = Cx+d for an economy with two sectors, where =[0.6 and C = 0.5] 0.6 0.2 d = (a) Determine the production level necessary to satisfy the final demand d. Solution: We solve (IC)x= d to find the production level X = 50 H (b) What is the production level to satisfy a final demand of Solution: Again solve (IC)x= d to find X = 120 X = 1.2 51 (c) What is the production level to satisfy a final demand of 30 Solution: One more time: [111.6] 121.2
1. Consider the production model x = Cx+d for an economy with two sectors, where =[0.6 and C = 0.5] 0.6 0.2 d = (a) Determine the production level necessary to satisfy the final demand d. Solution: We solve (IC)x= d to find the production level X = 50 H (b) What is the production level to satisfy a final demand of Solution: Again solve (IC)x= d to find X = 120 X = 1.2 51 (c) What is the production level to satisfy a final demand of 30 Solution: One more time: [111.6] 121.2
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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![1. Consider the production model x = Cx+d for an economy with two sectors, where
- [0.6 0.2]
and
C =
d
(a) Determine the production level necessary to satisfy the final demand d.
Solution: We solve (IC)x= d to find the production level
X =
6₂
(b) What is the production level to satisfy a final demand of
Solution: Again solve (IC)x= d to find
X =
120
X =
1.6
1.2
(c) What is the production level to satisfy a final demand of [30] ²
Solution: One more time:
[111.6
121.2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F327c4acc-aab0-4600-9811-c42079067cf3%2Fe68fc313-3141-42c9-aba2-8663c16c7119%2Frk0hy4c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. Consider the production model x = Cx+d for an economy with two sectors, where
- [0.6 0.2]
and
C =
d
(a) Determine the production level necessary to satisfy the final demand d.
Solution: We solve (IC)x= d to find the production level
X =
6₂
(b) What is the production level to satisfy a final demand of
Solution: Again solve (IC)x= d to find
X =
120
X =
1.6
1.2
(c) What is the production level to satisfy a final demand of [30] ²
Solution: One more time:
[111.6
121.2
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