Producing one lot of doohickeys requires 0.4 lots of doohickeys and 1.7 lots of thingomajigs; producing one lot of thingomajigs requires 0.1 lots of doohickeys and 0.2 lots of thingomajigs. **Technology and Production Schedule in Economics****What is the technology matrix for this economy?**The technology matrix (A) is represented as a 2x2 grid. Each cell within the grid appears to be designed to hold individual data points or numbers, which will represent various technological coefficients affecting production in the economy.**Matrix A:**\[ \begin{bmatrix}a_{11} & a_{12} \\a_{21} & a_{22}\end{bmatrix}\]Here, each variable (a_{11}, a_{12}, a_{21}, a_{22}) stands as a placeholder indicating where specific data or values would typically be inserted.**What production schedule X should be set in order to meet a demand of 150 lots of doohickeys and 25 lots of thingamajigs?**The production schedule (X) is also shown as a column vector. It is intended to display the production amounts required to meet specific demand levels stipulated for two distinct products, doohickeys, and thingamajigs.**Vector X:**\[ \begin{bmatrix}x_1 \\x_2\end{bmatrix}\]In this format, x_1 and x_2 will be populated based on calculations derived from the technology matrix and the specified demand (150 lots of doohickeys and 25 lots of thingamajigs).

Answered: Producing one lot of doohickeys…

Producing one lot of doohickeys requires 0.4 lots of doohickeys and 1.7 lots of thingomajigs; producing one lot of thingomajigs requires 0.1 lots of doohickeys and 0.2 lots of thingomajigs.

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

A horticulturist crosses two plants of the same species-one has a red flower and the other has a white flower. He knows from genetics that of the resulting seeds will produce plants with white flowers and will produce plants with red flowers. He harvests seeds and grows out 700 plants. How many of those would he expect to produce white flowers? (Simplify your answer completely.) plants How many of those would he expect to produce red flowers? (Simplify your answer completely.) plants
A certain company produces potting soil and sells it in 50 lb bags. Suppose that 100,000 bags are to be produced each year. It costs $8 per year to store a bag of potting soil, and it costs $4,000 to set up the facility to produce a batch of bags. Find the number of bags per batch that should be produced. OA. 14,121 OB. 100,000 OC. 9,574 OD. 10,000
A researcher believed that the number of rental cars in service by a car rental company would have an impact on the total annual revenue for that car rental company. Five small car rental companies were surveyed, with the number of Cars in service recorded in units of 1000 (so if a car rental company had 54000 cars in service, a 54 would be recorded) and Annual Revenue measured in millions of dollars (so an Annual Revenue of $10,000,000 would be recorded as 10). The data follows: Cars (1,000s) Annual Revenue ($ millions)11.5 118 10.0 135 9.0 100 5.5 37 3.3 32 Part of the Excel-generated Simple Linear Regression output is provided below: ANOVA df SS MS F Significance F Regression 1 7891.863897 7891.863897 22.91180151 0.017339231 Residual 3 1033.336103 344.4453677 Total 4 8925.2 Coefficients Standard Error t Stat P-value Intercept -19.12490108 23.1658578…
suppose Tina is throwing a surprise party to celebrate her friend Trevor's birthday, and she asks her good friend Tom to help with the music. The two agree to create a joint song playlist for Trevor to listen to during the car ride to the party. Tina chooses to add 15 songs to the playlist, and Tom chooses to add 11 songs. Suppose the playlist they created is significantly too long, and the car ride will only last long enough for the three to hear seven of the songs on the playlist. Also, suppose that each time a song is selected to be played, it is randomly selected from the remaining songs without replacement. After careful consideration, Tina is a little worried about Tom's song choices and hopes that Trevor will not hear too many of his songs. Let ? be the random variable representing the number of Tom's songs that are played during the car ride. Calculate the probability that Trevor will hear zero, one, or two of Tom's song choices. Round your answers to the nearest three decimal…
The owner of a stereo store wants to advertise that he has many different sound systems in stock. The store carries 6 different CD players, 10 different receivers, and 9 different speakers. Assuming a sound system consists of one of each, how many different sound systems can he advertise?
A farmer knows that of every 50 eggs his chickens lay, only 45 will be marketable. If his chickens lay 1900 eggs in a week, how many of them will be marketable?