am. 113. An economy is based on three sectors, agriculture, manufacturing, and energy. Production of a dollar'sworth of agriculture requires inputs of $0.30 from agriculture, $0.30 from manufacturing, and $0.20 fromenergy. Production of a dollar's worth of manufacturing requires inputs of $0.20 from agriculture, $0.20from manufacturing, and $0.30 from energy. Production of a dollar's worth of energy requires inputs of$0.20 from agriculture, $0.40 from manufacturing, and $0.40 from energy.Find the output for each sector that is needed to satisfy a final demand of $76 billion for agriculture, $58billion for manufacturing, and $48 billion for energy.The output of the agricultural sector is billion dollars.(Round the final answer to three decimal places as needed. Round all intermediate values to six decimalplaces as needed.)

Answered: An economy is based on three sectors,…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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R(p) = pN(p).| Bob is currently selling tires for 60 dollars each. His weekly sales are running at 130 tires per week, so N(60) = 130. His marketing department estimates that he will lose 2 sales per week for each 10 dollar increase in unit price, so N'(60) = -0.2. Estimate Bob's increase in weekly revenue for each one dollar increase in tire price. Revenue increase =1 dollars
It is known that The New York Times’ circulation is 731,500 print copies. You publish three advertisements in the NYT a week and run your campaign for 12 weeks. What are the total audience impressions (TAI) you can get over the period of 12 weeks?
1. As the owner of an ice-cream store, you believe it is necessary to purchase another ice-cream maker to meet the increased demand. You need to take a loan to finance it. The loan officer tells you that your revenues of $750,000 are insufficient to support additional debt. To qualify for the loan, your revenues need to be $50,000 higher. To generate additional revenue, you collect data on the price (in cents) per pound you charge customers and the related quantity of ice-cream consumed per year in pounds. The information is saved in HW3_2.xlsx. Use these data to estimate the log-linear demand specification to obtain least squares estimated of the demand for ice-cream. Write an equation that summarizes the demand for ice cream, and then determine the percentage price increase or decrease that is needed in order to boost revenues by $50,000.
If the marginal propensity to consume is 0.50, how much would government spending have to rise to increase output by $1,000 billion? AG = $500 billion. (Enter your response as an integer.) How much will taxes need to decrease to increase output by $1,000 billion? AT $ billion. (Enter your response as an integer.)
An electronics company makes communications devices for military contracts. The company just completed a large contract. The Army contract was for 6808 devices that were produced by 43 workers in three weeks. Each worker worked 40 hours per week. What was the prductivity for the ARMY contact in devices per labour hour? (State your answer rounded to two decimal places)
|10 – 3x|≤ 17
2. only
Qstn 2. Maximize U= 2X1X2+X2 Subject to 100=P1Xi+P2X2.
A country’s gini co-efficient was 0.46 last year and is now 0.48. What can we infer from the change? What would it mean if a country had a co-efficient of 0 or 1?
If a TV show has a rating of 8.0/16.0 what does it mean? а. 8% of all televisions in use at the time were tuned to that show, and 16% of all households with a TV were tuned to that show b. 50% of all households with a TV set were tuned to that show с. 8% of all households with a TV set were tuned to that show and 16% of all televisions in use at the time were tuned to that show d. 50% of all televisions in use at the time were tuned to that show
Solve for x for the following equation: 4ln(3x-8) = 60
You have been driving for about 3 hours early in the morning which of the following indicates that you might be fat

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