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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 the answer to y is greater than 3x-l and y is less than x+2
76 * 10 -9
If you deposited $500 for 4 years at 6% annual interest, compounded semi-annually, how much money would you have saved?
Multiply a Row by a Constant. In this operation we multiply row i by a constant c and the notation will utilizes here is cR i . Note that we can also divide a row by a constant
Ask question1 MATH 1110 – Mathematics for I.T. Follow the instructions given below to submit your work. ? Use MS Word to open a new solution file. ? Write your name, Student Id and
Example Solve following systems. (a) 3x - y = 7 2x + 3 y = 1 Solution Thus, it was the first system that we looked at above. Already we know th
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Do you accept screen shot because it is a graph.
As noted earlier most parabolas are not given in that form. So, we have to take a look at how to graph a parabola which is in the general form.
The United States is becoming more health conscious, and as a result,the problem of obesity has gotten more attention.The Body Mass Index (BMI), relates a person’s height and weigh
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