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K Suppose that production of 1 unit of mining requires 3/5 unit of mining, 1/5 unit of manufacturing, and 1/5 unit of communication. To produce 1 unit of manufacturing requires 1/5 unit of mining, 2/5 unit of manufacturing, and 2/5 unit of communication. To produce 1 unit of communication requires 0 units of mining, 4/5 unit of manufacturing, and 1/5 unit of communication. Find the ratio of the three commodities in the closed model. The ratio is units of mining to every 8 units of manufacturing and units of communication.

K Suppose that production of 1 unit of mining requires 3/5 unit of mining, 1/5 unit of manufacturing, and 1/5 unit of communication. To produce 1 unit of manufacturing requires 1/5 unit of mining, 2/5 unit of manufacturing, and 2/5 unit of communication. To produce 1 unit of communication requires 0 units of mining, 4/5 unit of manufacturing, and 1/5 unit of communication. Find the ratio of the three commodities in the closed model. The ratio is units of mining to every 8 units of manufacturing and units of communication.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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K Suppose that production of 1 unit of mining requires 3/5 unit of mining, 1/5 unit of manufacturing, and 1/5 unit of communication. To produce 1 unit of manufacturing requires 1/5 unit of mining, 2/5 unit of manufacturing, and 2/5 unit of communication. To produce 1 unit of communication requires 0 units of mining, 4/5 unit of manufacturing, and 1/5 unit of communication. Find the ratio of the three commodities in the closed model. The ratio is units of mining to every 8 units of manufacturing and units of communication.
Transcribed Image Text:K Suppose that production of 1 unit of mining requires 3/5 unit of mining, 1/5 unit of manufacturing, and 1/5 unit of communication. To produce 1 unit of manufacturing requires 1/5 unit of mining, 2/5 unit of manufacturing, and 2/5 unit of communication. To produce 1 unit of communication requires 0 units of mining, 4/5 unit of manufacturing, and 1/5 unit of communication. Find the ratio of the three commodities in the closed model. The ratio is units of mining to every 8 units of manufacturing and units of communication.
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