Determine the total demand x for industries 1, 2 and 3, given the matrix of technicalcoeffieicnts A and the final demand vector B.4.(0.3A =0.50.40.1)(200.2 0.60.3 0.1/B =100.130

We have to determine the total demand x of the industries using the matrix of technical coefficients…

Answered: Determine the total demand x for…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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2. Suppose an exclusive art club charges RM50,000 as an annual membership fee and there are a total of 150 members. Assume general income has increased by 4% and the income elasticity of demand for the art club membership is 5%. Due to this change, the overall total number of members has increased by 10. How much has the club's membership increased due to the change in income and due to network effects? Include a graph in your explanation and show the necessary calculations. Label the graph axis with the appropriate numerical values.
a and b
A company periodically produces a part that is a basic component of an assembled product. Each time the part is run, a fixed cost of $127 is incurred. The cost to hold one unit for a week is estimated to be $1.57. Week Demand (units ) 1 36 2 20 3 110 4 18 5 - 6 22 790 For the demand (net requirements) shown above, determine the quantity and Produce units in timing of production runs using the part - period method. Produce units in week. week____. Produce units in week.
1. The demand function for a good is given by the equation P = a − bQ while the total cost function is TC = dQ2 + eQ + f,where a,b,d,e and f are positive constants. (a) Derive the equation for profit. (b) Derive an expression for the value of Q for which profit is maximised.
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1. Consider the following four demand functions for money: (1) InM," = a, +a,InY," + a, In R, + a, In P, + u, (2) InM," = ß, + B,lnY, + ß, In R, + ß;, In P, + u,2 where M,", Y,", R, and P, denote, respectively, aggregate nominal money demand, aggregate national income, long-term interest rate, implicit price deflator. These two money demand equations are estimated for the period 1949-1965 and the following estimated equations are obtained: (1) InM," = 3.999 +1.710lnY," – 0.608 In R, – 0.759 In P, R² = 0.942, SSR = 0.080 (0.469) (1.801) (0.416) (2) InM," = 3.999 +1.710lnY, – 0.608 ln R, +0.9519 ln P, (0.651) R² = 0.942, SSR = 0.080 (1.801) (0.416) (0.469) (0.651) (b) In Model (2) test the hypothesis that the price level has no significant effect on real money demand using t and F statistics. Windov Windowr
2

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Determine the total demand x for industries 1, 2 and 3, given the matrix of technical coeffieicnts A and the final demand vector B. 4. 0.3 0.4 0.1) 20 A = 0.5 0.2 0.6 B = 10 0.1 0.3 0.12 30