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Suppose an economy has four sectors, Agriculture (A), Energy (E), Manufacturing (M), and Transportation (T). Sector A sells 10% of its output to E and 25% to M and retains the rest. Sector E sells 30% of its output to A, 35% to M, and 25% to T and retains the rest. Sector M sells 30% of its output to A, 15% to E, and 40% to T and retains the rest. Sector T sells 20% of its output to A, 10% to E, and 30% to M and retains the rest.
(a) Construct a diagram that shows the exchange between the three sectors.
(b) Determine the exchange table for this economy, where the columns describe how the output of each sector is exchanged among the four sectors.
(c) Denote the prices of the total annual outputs of the sectors by pA, pE, pM and pT respectively. Determine the equations that need to hold for the equilibrium prices for the four sectors.
(d) Find the equilibrium prices, if they exist.
what is 2+2?
(9x10^1)(2.3x10^0)
(a+7b)7
2/3N + 4 = -26 solve for n, but what do i do with the fraction?
Activity 1: Graphing To fill an order for Sizzlin'' Sauce sauces, you bought 1050 green peppers and 1200 hot chili peppers. • Write and graph a system of inequalities to represent
factor=(a+b2)+1
Solve following equations. (a) x 2 -100 = 0 (b) 25 y 2 - 3 = 0 Solution There actually isn't all that much to these problems. To use the square root property a
(1/4)^1/2
what is the equation of a line perpendicular to the given line y=-x+3;(-2,-2) but passing through the given point?
solve 4x2+12x =0by using quadratic formula
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