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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8. A person on a high-protein, low-carbohydrate diet requires at least 100 units of protein and at most 24 units of carbohydrates daily. The diet will consist entirely of three special liquid diet foods: A, B, and C. The contents and costs of the diet foods are given in the table. How many bottles of each brand of diet food should be consumed daily in order to meet the protein and carbohydrate requirements at minimal cost? What is the minimum cost? Note: Use the big M method. Protein Carbohydrates Units per bottle A 10 2 Cost per bottle ($) 0.60 B 10 3 0.40 C 20 4 1.50
A chemical manufacturing plant can produce z units of chemical Z given p units of chemical P and r units of chemical R, where: 2 = 40p.5 p0.5 Chemical P costs $200 a unit and chemical R costs $400 a unit. The company wants to produce as many units of chemical Z as possible with a total budget of $32,000. A) How many units each chemical (P and R) should be "purchased" to maximize production of chemical Z subject to the budgetary constraint? Units of chemical P, p = Units of chemical R, r = B) What is the maximum number of units of chemical Z under the given budgetary conditions? (Round your answer to the nearest whole unit.) Max production, z= units
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 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
A chemical manufacturing plant can produce z units of chemical Z given p units of chemical P and r units of chemical R, where: z = 100p-75,0.25 Chemical P costs $100 a unit and chemical R costs $700 a unit. The company wants to produce as many units of chemical Z as possible with a total budget of $112,000. A) How many units each chemical (P and R) should be "purchased" to maximize production of chemical Z subject to the budgetary constraint? Units of chemical P, p = Units of chemical R, r = B) What is the maximum number of units of chemical Z under the given budgetary conditions? (Round your answer to the nearest whole unit.) Max production, z= units

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