JUST PART D PLEASE 3. Suppose an economy consists of Baseball, Seafood, and Technology. To produce one unit of Baseball requires: .2 units of Baseball .4 of units of Seafood .3 units of Technology To produce one unit of Seafood requires: .1 units of Baseball .2 of units of Seafood .5 units of Technology To produce one unit of Technology requires: .3 units of Baseball .1 of units of Seafood .5 units of Technology The consumer demand is: 170 units of Baseball 100 units of Seafood 200 units of Technology A. Define the necessary variables to determine the amount of Baseball, Seafood, and Technology to supply to satisfy manufacturing and consumer demands. B is S is T is B. What are the 3 algebraic equations that relate the amount supplied, amount consumed during manufacturing, and amount demanded by the consumer? C. Express the 3 equations from part B in the equivalent matrix form. D. How much Baseball, Seafood, and Technology must be supplied to meet manufacturing and consumer demands. First provide the matrix from part C in the form: X = (I – A)-1 D, then determine B, S, T. 3. Suppose an economy consists of Baseball, Seafood, and Technology.To produce one unit of Baseball requires:.2 units of Baseball.4 of units of SeafoodTo produce one unit of Seafood requires:.1 units of Baseball2 of units of SeafoodTo produce one unit of Technology requires:.3 units of Baseball .1 of units of SeafoodThe consumer demand170 units of BaseballSisA. Define the necessary variables to determine the amount of Baseball, Seafood,and Technology to supply to satisfy manufacturing and consumer demands.B isTis.3 units of Technology.5 units of Technology5 units of Technologyis:100 units of Seafood 200 units of TechnologyB. What are the 3 algebraic equations that relate the amount supplied, amountconsumed during manufacturing, and amount demanded by the consumer?C. Express the 3 equations from part B in the equivalent matrix form.B =D. How much Baseball, Seafood, and Technology must be supplied to meetmanufacturing and consumer demands.First provide the matrix from part C in the form: X = (I-A)-¹ D, then determine B, S, T.S=T =

The variables are defined as follows: B is the total units of Basketball to be supplied in the…

Answered: JUST PART D PLEASE 3. Suppose an…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter3: Demand And Supply

Section: Chapter Questions

Problem 3SCQ: In an analysis of the market for paint, an economist discovers the facts listed below. State whether...

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JUST PART D PLEASE

3. Suppose an economy consists of Baseball, Seafood, and Technology. To produce one unit of Baseball requires: .2 units of Baseball .4 of units of Seafood .3 units of Technology To produce one unit of Seafood requires: .1 units of Baseball .2 of units of Seafood .5 units of Technology To produce one unit of Technology requires: .3 units of Baseball .1 of units of Seafood .5 units of Technology The consumer demand is: 170 units of Baseball 100 units of Seafood 200 units of Technology A. Define the necessary variables to determine the amount of Baseball, Seafood, and Technology to supply to satisfy manufacturing and consumer demands. B is S is T is B. What are the 3 algebraic equations that relate the amount supplied, amount consumed during manufacturing, and amount demanded by the consumer? C. Express the 3 equations from part B in the equivalent matrix form. D. How much Baseball, Seafood, and Technology must be supplied to meet manufacturing and consumer demands. First provide the matrix from part C in the form: X = (I – A)-1 D, then determine B, S, T.

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