A simplified version of input-output analysis of a national economy has the following input-output matrix:Agriculture Manufacturing Households0.2450.0510.0990.2790.4330.011A.AgricultureManufacturingHouseholds0.1020.2910.372units of Manufacturing are need to produce one unit of HouseholdsB. Given Demand (in billions of dollars) for the three sectors are as follows32.6 = Manufacturing, 3.5-Agriculture 31.8-HouseholdsFind the amount of each commodity that should be produced (nearest 0.1 billion)= Agriculture- ManufacturingHouseholdsC. If the external demand of Households raises by $1 billion then manufacturing production needs to increaseby $billion (nearest 0.01) in order to meet that increase in household external demand

Let be the input-output matrix for the national economy,i.e. Let , Where and .i.e.

Answered: A simplified version of input-output…

MATLAB: An Introduction with Applications

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ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

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0 to ld 16. For the data in the following matrix: Male Female No Treatment M = 8 M = 4 overall con M = 6 Treatment M = 14 M = 10 overall M = 12 Overall M=11 Overall M=7 a. Which two means are compared to describe the treatment main effect? b. Which two means are compared to describe the gender main effect? c. Is there an interaction between gender and treat- ment? Explain your answer.
U 1.11 Health Care Spending. Table 1.3 shows the 2013 per capita total expendi- ture on health in 35 countries with the highest gross domestic product in that year.¹2 Health expenditure per capita is the sum of public and private
ABC Corporation is considering three options for managing its data processing operation: continuing with its own staff, hiring an outside vendor to do the management (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The profit of the operations depends on future demand. The annual profit of each option (in thousands of dollars) and for each state of demand is summarized in the following table: Staffing Options Own Staff Outside Vendor Combination High 650 900 800 Demand Medium 650 600 650 Low 600 300 400 1. If the manager of ABC Corporation is optimistic, which staffing option will he/she choose? 2. If the manager of ABC Corporation is conservative, which staffing option will he/she choose? 3. Suppose the probabilities of high, medium, and low demand are 40%, 10% and 50%, respectively. Using the expected value approach, which staffing option should the manager choose? 4. What is the expected value of perfect information?
Part 3
In agricultural economics, a “supply response function” describes how supply of a commodity responds to changes in the price of that commodity. (production is the dependent variable,Independent variable: Price) Dataset: Year Seeded Area (hectares) Harvested Area (hectares) Average Yield (kg per ha) Production (tonnes) Price per Tonne ($/tonne) 1966 1,317,000 1,317,000 1,630 2,150,000 65 1967 1,424,000 1,424,000 1,720 2,449,000 60 1968 1,376,000 1,376,000 1,800 2,477,000 48 1969 1,012,000 1,012,000 1,720 1,742,000 46 1970 567,000 567,000 1,465 830,000 52 1971 1,019,000 1,019,000 1,975 2,014,000 50 1972 1,052,000 1,052,000 1,785 1,878,000 68 1973 1,214,000 1,214,000 1,725 2,095,000 158 1974 1,133,000 1,133,000 1,415 1,605,000 147 1975 1,255,000 1,255,000 1,690 2,123,000 130 1976 1,538,000 1,538,000 1,820 2,803,000 103…
High Cholesterol: A group of eight individuals with high cholesterol levels were given a new drug that was designed to lower cholesterol levels. Cholesterol levels, in milligrams per deciliter, were measured before and after treatment for each individual, with the following results: Individual Before After 1 296 218 2 289 214 3 280 180 4 295 205 5 281 168 6 281 201 7 283 170 8 285 182 Send data to Excel Part: 0 / 2 0 of 2 Parts Complete Part 1 of 2 (a) Use a calculator to construct a 90% confidence interval for the mean reduction in cholesterol level. Round your answers to at least one decimal place. The confidence interval for the mean reduction in cholesterol level is , .
Find the production schedule for the technology matrix and demand vector given below: 0.1 0.3 0.4 4 A = 0.1 0.2 0.4 D = 5 %3D 0.1 0.1 3 X =
An entrepreneur who owns and operates two businesses (A and B) would like to analyze their profitability. They would like your help in the analysis. They give you the annual net profit (in thousands of $) for each business from 2008-2020. Table 1: Annual Net Profits for Businesses A and B Business Year Profit Business Year Profit 2008 -50 2008 -10 2009 57 2009 30 2010 71 2010 27 2011 64 2011 22 2012 60 2012 21 2013 50 2013 20 A 2014 41 2014 24 2015 59 2015 24 2016 71 2016 32 2017 71 2017 36 2018 74 2018 37 019 81 20 40 2020 97 2020 49 a. Suppose you want to graph the distribution of profits. Explain why using only one stem- plot might not be optimal for the analysis. b. Describe the correct stemplot to use. Generate this stemplot. Explain your steps. What can you say about the distribution from this stemplot? c. When are stemplots useful? And why is that? d. Suppose that instead of having 26 observations you have 200 observations. What graph should you generate? e. What other type of…
A simplified version of input output analysis of a national economy has the following input output matrix
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