Consider the following representation of the Ricardian Model. Two countries, India and Vietnam, produce twoproducts - tea and garments. Total labour supply in India is 48 and the total labour supply in Vietnam is 60. Thetable provides the unit-labour requirements () to produce tea and garments in each country.IndiaVietnamTea12032Garments4816Consider a monopolistically competitiveindustry where firms differ in productivitylevels. When the industry opens tointernational trade, transportation andother transaction costs may determinewhich firms will remain exclusively in thelocal market and which firms will becomeexporters.a) True or False?b) Explain with the support of a graph.

Given :Two countries, India and Vietnam, produce two productstea and garments. Total labour supply…

Answered: Consider the following representation…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A new computer circuit was tested and the times (in nanoseconds) required to carry out different subroutines were recorded. Find r. Round your answer to four decimal places.
42. Manufacturing A cereal manufacturer makes two different kinds of cereal, Senior Citizen’s Feast and Kids Go. Each pound of Senior Citizen’s Feast requires 0.6lb of wheat and 0.2 lb of vitamin-enriched syrup, and each pound of Kids Go requires 0.4 lb of wheat, 0.2 lb of sugar, and 0.2 lb of vitamin-enriched syrup. Suppli- ers can deliver at most 2800 lb of wheat, at most 800 lb of sugar, and at least 1000 lb of the vitamin-enriched syrup. If the profit is $0.90 on each pound of Senior Citizen’s Feast and $1.00 on each pound of Kids Go, find the number of pounds of each cereal that should be produced to obtain maximum profit. Find the maxi- mum profit.
35. Superb Bike Company makes two models of bikes: the Tourismo and the Racer. Their profit is $10 on a Tourismo and $30 on a Racer. The assembly department uses 2 hours on each Tourismo and 10 hours on each Racer. At most 520 assembly hours are available each day. The painting department can handle at most 100 bicycles per day. The sales department says that they can sell at most 80 Tourismos and 50 Racers per day. What should Superb's production be set at?
Nutrition Information Per Serving Cereal A Cereal B 120 5 Nutrient Calories Protein (g) Carbohydrate (g) Fat (g) 19 4 130 2 16 6 How many serving's of Cereal A and Servings of Cereal B so that the two servings contain 435 Calories, 13g of protein, 62g of Carbohydrates, and 17g and of fat? a. 2 serving(s) of cereal A and 1.5 b. 2 serving(s) of cereal A and 1.6 C. 1.5 serving(s) of cereal A and 1.8 d. 2.2 serving(s) of cereal A and 1.4 e. 2 serving(s) of cereal A and 1.3 serving(s) of cereal B. serving(s) of cereal B. serving(s) of cereal B. serving(s) of cereal B. serving(s) of cereal B.
A dietitian in a hospital is to arrange a special diet composed of three basic foods. The diet is to include exactly 340 units of calcium, 180 units of iron, and 400 units of vitamin A The number of units per ounce of each special ingredient for each of the foods is indicated in the table. Construct a Units per Ounce Food A Food B Food C Calcium 30 10 20 Iron 10 10 20 Vitamin A mathematical model to complete parts (A) through (C) below. Use Gauss-Jordan elimination to solve the model and then interpret the solution. 30 30 Construct a mathematical model for this situation. Let the first, second, and third equations represent calcium, iron, and vitamin A, respectively. Let x, represent the number of ounces of food A, x, represent tine number of ounces of food B, and x, represent the number of ounces of food C. - 2 * 3 = X, + X, + %3D (Type integers or decimais.) 20
A company manufactures Product A and Product B. Each product A contributes $300 to profit, and each Product Bcontributes $400. The resources required to manufacture a product A and a product Bare shown in below table. Each day, company can hire up to 98 Type 1 machines at a cost of $50 per machine. The company has 73 Type 2 machines and 260 tons of wood available. Marketing requirements statesthat at least 88 product A and at least 26 product B be produced. Let ????1 = number of product A produced daily; ????2 = number of product Bproduced daily; ????1 = Type 1 machines rented daily. To maximize profit, company should solve the below LP. Use the LINDOoutput to answer the following questions: a. If each product A contributed $310 to profit, what would be the new optimal solution to the problem? b. If company were required to produce at least 86 product A, what would company's profit become? c. What is the most that company should be willing to pay for an extra ton of wood? d.…
A factory manufactures three products, A, B, and C. Each product requires the use of two machines, Machine I and Machine II. The total hours available, respectively, on Machine I and Machine Il per month are 7,760 and 10,080. The time requirements and profit per unit for each product are listed below. ABC Machine I 7 9 10 Machine II 8 10 16 $12 $16 $22 Profit How many units of each product should be manufactured to maximize profit, and what is the maximum profit? Start by setting up the linear programming problem, with A, B, and C representing the number of units of each product that are produced. Maximize P = subject to: <7,760 s 10,080 Enter the solution below. If needed round numbers of items to 1 decimal place and profit to 2 decimal places. The maximum profit is $ when the company produces: units of product A units of product B units of product c

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