ommunication Equipment Two sectors of the U.S. economy are (1) audio, video, and communication equipment and (2) electronic components and accessories. Suppose in 1998, the input-output table involving these two sectors was as follows (all figures are in millions of dollars). To Equipment Components From Equipment 6,200 400 Components 25,000 32,000 Total Output 90,000 140,000 Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $81,000 million of communication equipment and $89,000 million of electronic components. Round answers to two significant digits.
ommunication Equipment Two sectors of the U.S. economy are (1) audio, video, and communication equipment and (2) electronic components and accessories. Suppose in 1998, the input-output table involving these two sectors was as follows (all figures are in millions of dollars). To Equipment Components From Equipment 6,200 400 Components 25,000 32,000 Total Output 90,000 140,000 Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $81,000 million of communication equipment and $89,000 million of electronic components. Round answers to two significant digits.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
Communication Equipment Two sectors of the U.S. economy are (1) audio, video, and communication equipment and (2) electronic components and accessories. Suppose in 1998, the input-output table involving these two sectors was as follows (all figures are in millions of dollars).
| To | Equipment | Components | |
|---|---|---|---|
| From | Equipment | 6,200 | 400 |
| Components | 25,000 | 32,000 | |
| Total Output | 90,000 | 140,000 |
Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $81,000 million of communication equipment and $89,000 million of electronic components. Round answers to two significant digits.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.