do all three for the agicultral,manufactoring, and energy factor An economy is based on three sectors-agriculture, manufacturing, and services. For each unit of output, agriculturerequires inputs of 0.30 unit from agriculture, 0.30 unit from manufacturing, and 0.20 unit from services. For each unitof output, manufacturing requires inputs of 0.20 unit from agriculture, 0.20 unit from manufacturing, and 0.30 unit fromservices. For each unit of output, services requires 0.30 unit from agriculture, 0.40 unit from manufacturing, and 0.30unit from services. Determine the production levels needed to satisfy a final demand of 0 units for agriculture, 40 unitsfor manufacturing, and 0 units for services.The production level needed from the agricultural sector is units.(Do not round until the final answer. Then round to two decimal places as needed.)

Answered: Image /qna-images/answer/5347678e-9665-43e8-aa2d-5a93b2e77ed2.jpg

Answered: An economy is based on three…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 28EQ

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Suppose the coal and steel industries form a closed economy. Every $1 produced by the coal industry requires $0.30 of coal and $0.70 of steel. Every $1 produced by steel requires $0.80 of coal and $0.20 of steel. Find the annual production (output) of coal and steel if the total annual production is $20 million.
If the cost of each Robust tablet increases to 75 c and the cost of each Vigortab increases to 80 c , find the minimum cost.
Redo Exercise 5, assuming that the house blend contains 300 grams of Colombian beans, 50 grams of Kenyan beans, and 150 grams of French roast beans and the gourmet blend contains 100 grams of Colombian beans, 350 grams of Kenyan beans, and 50 grams of French roast beans. This time the merchant has on hand 30 kilograms of Colombian beans, 15 kilograms of Kenyan beans, and 15 kilograms of French roast beans. Suppose one bag of the house blend produces a profit of $0.50, one bag of the special blend produces a profit of $1.50, and one bag of the gourmet blend produces a profit of $2.00. How many bags of each type should the merchant prepare if he wants to use up all of the beans and maximize his profit? What is the maximum profit?
If during the following year it is predicted that each comedy skit will generate 30 thousand and each musical number 20 thousand, find the maximum income for the year. A television program director must schedule comedy skits and musical numbers for prime-time variety shows. Each comedy skit requires 2 hours of rehearsal time, costs 3000, and brings in 20,000 from the shows sponsors. Each musical number requires 1 hour of rehearsal time, costs 6000, and generates 12,000. If 250 hours are available for rehearsal and 600,000 is budgeted for comedy and music, how many segments of each type should be produced to maximize income? Find the maximum income.

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