A primitive economy consists of a fishing industry and an oil industry. A unit of fishing industry autput requires 0.30 unit of fishing industry input and 0.S unt of nf intustry irgut A unit of olindustry output requires inputs of 0.04 unit of fishing products and 0.10 unit of ail products.(a) Write the technology matrix for this primitive economy.FishingOl0.30.35Fishing0.040.10(b) If surpluses of 10 units of fshing products and 545 units of ol products are desred, find the gross production of each industryfishingunitsoilunitsRnvet to Lost flespon

please re-correct Solution of part (A) as follows :

A primitive economy consists of a fishing industry and an oil industry. A unit of fahing industry output requires 010 unt of fahing industry input and 035 unt of al nttry ingut Anta Industry output requires inputs of 0.04 unit of fishing products and 0.10 unit of ol products. (a) Write the technology matrix for this primitive econemy Fishing 03 Fishing 04 0.10 (b) surpluses of 10 units of fshing products and S45 unts of ol products are desred, find thhe gros productton of each instry units fishing units

A primitive economy consists of a fishing industry and an oil industry. A unit of fahing industry output requires 010 unt of fahing industry input and 035 unt of al nttry ingut Anta Industry output requires inputs of 0.04 unit of fishing products and 0.10 unit of ol products. (a) Write the technology matrix for this primitive econemy Fishing 03 Fishing 04 0.10 (b) surpluses of 10 units of fshing products and S45 unts of ol products are desred, find thhe gros productton of each instry units fishing units

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Related questions

Q: 29. A matrix type where: A matrix with all elements BELOW the main diagonal are zero Identity matrix…

A: We have to find the correct option.

Q: a. A = A 0,3 -(0,3 B 0,4 0,5 0,3. 76 - (19) 12 D =

Q: Mrs. Conley ordered cartons of tissue, window cleaner, and paper towels for 3 school campuses. She…

A: Topic= Matrices As per guidelines , At a time only one question can be answered out of different…

Q: Coal is carried from a mine in West Virginia to a power plant in New York in hopper cars on a long…

A: Obtain the probability that one car chosen at random will have less than 74.5 tons of coal. The…

Q: Q. 2 (a) find the derivatives for the following functions. (i) y = 5x - 6x (ii) (x²+5) / (x+3) (iii)…

A: Note: Since, you haven't mentioned which question you would like to answered. Here, we are providing…

Q: A herd of American buffalo (bison) can be modeled by a stage matrix similar to that for the spotted…

Q: In order to estimate the median amount of new credit card charges for the previous month, a…

A: Given : Credit card Charges($) 340.24 340.77 299.94 207.67 210.31 293.35 285.68 214.18…

Q: Production of one unit of cologne requires no cologne and 0.8 units of perfume. Into one unit of…

Q: 4. Matrix models can be used to describe the flow of certain toxins, like lead, between compartments…

A: Let A=0.390.040.040.02 Now,…

Q: A. What is the difference among Deterministic model, Stochastic model and Hybrid model? Explain with…

A: A. The difference among Deterministic model, Stochastic model and hybrid model are as follows:…

Q: A company that has cement factories in Denizli, İzmir and Uşak will transport the cements to the…

A: TOTAL number of supply constraints: 4TOTAL number of demand constraints : 3Problem Table is D1…

Q: 4. Matrix models can be used to describe the flow of certain toxins , like lead, between…

Q: A simplified version of input-output analysis of a national economy has the following input-output…

Q: Consider an economic model with three industries: agriculture, man- ufacturing and energy. The model…

Q: You are called on to decide how your company should produce its new cell phone screen defroster (for…

Q: d) State the null and alternative hypotheses using correct notation. e) Calculate the test…

A: Note: Hey there! Thank you for the question. As you have specifically mentioned parts d and e, we…

Q: A simplified version of input-output analysis of a national economy has the following input-output…

Q: Assume that an economy is based on two industrial sectors, agriculture (A) and energy (E). The…

A: Now,let's determine if the matrix (I−M)is singular or not. A matrix is singular if its determinant…

Q: a. Find the fraction of lead in the system that will be in the blood and in the tissues in the long…

Q: QUESTION 2 Molitup Limited (ML) manufactures three products: Product MM, Product LL and Product TT.…

A: Max Z = 600 x1 + 500 x2 + 800 x3 subject to 20 x1 + 80 x2 + 50 x3 ≤ 40000 30 x1…

Q: A certain closed economy consists of two sectors: goods and services.Suppose that 60% of all goods…

Q: A company manufactures two products X and Y on three machines Turning, Milling and finishing…

Q: 2. For each part, write a matrix in reduced row echelon with the given properties. Your answers must…

Q: What is the row-echelon form of a matrix? What is a leadingentry?

A: What is the row-echelon form of a matrix? What is a leading entry? Row echelon form of a matrix is…

Q: Suppose a primitive economy consists of three industries: the agricultural industry, the…

Q: 9. There are three ways to travel from City A to City B: Car, Train and Plane. And th travel fee…

A: The objective is to compute the two matrices the represent the cost of afternoon and cost of…

Question

A primitive economy consists of a fishing industry and an oil industry. A unit of fishing industry autput requires 0.30 unit of fishing industry input and 0.S unt of nf intustry irgut A unit of ol
industry output requires inputs of 0.04 unit of fishing products and 0.10 unit of ail products.
(a) Write the technology matrix for this primitive economy.
Fishing
Ol
0.3
0.35
Fishing
0.04
0.10
(b) If surpluses of 10 units of fshing products and 545 units of ol products are desred, find the gross production of each industry
fishing
units
oil
units
Rnvet to Lost flespon

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Sol(a)

VIEW

Sol(b)

VIEW

Answer:

VIEW

Step by step

Solved in 3 steps with 4 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Markov Processes and Markov chain$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.

Similar questions

Suppose an economy has four sectors: Mining, Lumber, Energy, and Transportation. Mining sells 15% of its output to Lumber, 70% to Energy, and retains the rest. Lumber sells 10% of its output to Mining, 50% to Energy, 15% to Transportation, and retains the rest. Energy sells 30% of its output to Mining, 20% to Lumber, 25% to Transportation, and retains the rest. Transportation sells 20% of its output to Mining, 20% to Lumber, 40% to Energy, and retains the rest. a. Construct the exchange table for this economy. b. Find a set of equilibrium prices for this economy. a. Complete the exchange table below. Distribution of Output from: Mining Lumber Energy Transportation (Type integers or decimals.) Purchased by: Mining Lumber Energy Transportation
A simplified version of input-output analysis of a national economy has the following input-output matrix: Agriculture Manufacturing Households 0.245 0.051 0.099 0.279 0.433 0.011 A. Agriculture Manufacturing Households 0.102 0.291 0.372 units of Manufacturing are need to produce one unit of Households B. Given Demand (in billions of dollars) for the three sectors are as follows 32.6 = Manufacturing, 3.5-Agriculture 31.8-Households Find the amount of each commodity that should be produced (nearest 0.1 billion) = Agriculture - Manufacturing Households C. If the external demand of Households raises by $1 billion then manufacturing production needs to increase by $ billion (nearest 0.01) in order to meet that increase in household external demand
Logan and Brian began arguing about who did better on their tests, but they couldn't decide who did better given that they took different tests. Logan took a test in Art History and earned a 76.8, and Brian took a test in English and earned a 68.9. Use the fact that all the students' test grades in the Art History class had a mean of 71.9 and a standard deviation of 11.6, and all the students' test grades in English had a mean of 61 and a standard deviation of 9.4 to answer the following questions.a) Calculate the z-score for Logan's test grade.z=z= [Round your answer to two decimal places.] b) Calculate the z-score for Brian's test grade.z=z= [Round your answer to two decimal places.]c) Which person did relatively better? Logan Brian They did equally well.
2. Is the following matrix in reduced row echelon form? If not, how would we reduce it to reduced row echelon form? Choose the correct option below. 00 1 0 1 1 0 -2 0. 4 0 (a) The matrix is already in RREF. (b) The matrix is not yet in RREF, and one row scaling will reduce it to RREF. (c) The matrix is not yet in RREF, and one row swap will reduce it to RREF. (d) The matrix is not yet in RREF, and one row replacement will reduce it to RREF. (e) The matrix is not yet in RREF, and at least two row operations are required to reduce it to RREF. O (a) is the correct answer O (b) is the correct answer O (c) is the correct answer (d) is the correct answer O (e) is the correct answer
Find an elementary matrix E that corresponds to the row operation of subtracting – 6 times Row 1 from Row 3. E =