(b) An economy has an agricultural industry and a textile industry. Each unit of agricultural output requires 0.4 unit of agricultural input and 0.1 unit of textiles input. Each unit of textiles output requires 0.1 unit of agricultural input and 0.2 unit of textiles input.
(i) Write the technology matrix for this economy. [2 marks]
(ii) If surpluses of 5 units of agricultural products and 195 units of textiles are desired, find the gross production of each industry
Leontief input output model (technology matrix) is an economic model that shows the quantitative relationship and sectorial interdependency in a national economy
The responses with regards to the question are;
(i) The technology matrix for the economy is presented as follows;
[tex]\mathbf{ A} =\left[\begin{array}{ccc}Agric&&Textile\\0.4&&0.1\\&&\\0.1&&0.2\end{array}\right] \begin{array}{ccc}\mathbf{Per \ Unit}\\Agriculture\\\\Textile\end{array}\right][/tex]
(ii) The required gross production of each industry to meet the desired surplus are;
50 units of agriculture and 250 units of textile
The reason the above values are correct is as follows:
(i) The given parameters are;
The industries in the economy = Agricultural industry and textile industry
Units of agricultural input required per unit of agricultural output = 0.4
Units of textile input required per unit of agricultural output = 0.1
Units of agricultural input required per unit of textile output = 0.1
Units of textile input required per unit of textile output = 0.2
Let X represent agriculture, and let Y represent textile, we have;
[tex]Agric \ for \ agric = \dfrac{0.4 \ units \ of \ agriculture}{1\ unit \ of \ agric \ produced} \times X \ Agric \ produced= 0.4 \cdot X[/tex]
[tex]Agric \ for \ textile = \dfrac{0.1 \ units \ of \ agriculture}{1\ unit \ of \ textile \ produced} \times Y \ textile \ produced= 0.1 \cdot Y[/tex]
We also have;
Textile for agriculture = 0.1·X
Textile for textile = 0.2·Y
Therefore;
X = 0.4·X + 0.1·Y
Y = 0.1·X + 0.2·Y
Therefore;
The technology matrix for the economy is presented as follows;
[tex]\mathbf{Technology \ matrix, A} =\left[\begin{array}{ccc}Agric&&Textile\\0.4&&0.1\\&&\\0.1&&0.2\end{array}\right] \begin{array}{ccc}\mathbf{Per \ Unit}\\Agriculture\\\\Textile\end{array}\right][/tex]
(ii) Let P represent the production vector, and let d represent the demand vector, we have;
[tex]P = \left[\begin{array}{c}X \\Y\end{array}\right][/tex], [tex]d = \left[\begin{array}{c}5 \\195\end{array}\right][/tex]
P = A·P + d
∴ P - A·P = d
Therefore;
[tex]P = \mathbf{ \dfrac{d}{(I - A)}}[/tex]
Where I = The 2 by 2 identity matrix
We get;
[tex]I - A =\left[\begin{array}{ccc}1&&0\\&&\\0&&1\end{array}\right] - \left[\begin{array}{ccc}0.4&&0.1\\&&\\0.1&&0.2\end{array}\right] = \mathbf{\left[\begin{array}{ccc}0.6&&-0.1\\&&\\-0.1&&0.8\end{array}\right]}[/tex]
With the use of a graphing calculator, we have;
[tex]P =\left[\begin{array}{c}X \\Y\end{array}\right] = \dfrac{\left[\begin{array}{c}5 \\195\end{array}\right]}{\left[\begin{array}{ccc}0.6&&-0.1\\&&\\-0.1&&0.8\end{array}\right]} = \left[\begin{array}{ccc}50\\\\\ 250\end{array}\right][/tex]
The required gross product of agriculture, X = 50 units
The required gross product of textile, Y = 250 units
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We have that he technology matrix for this economy and the the gross production of each industry are
a) [tex]X= \begin{vmatrix}0.4 & 0.1 \\0.1 & 0.2\end{vmatrix}[/tex]
b) [tex]\begin{vmatrix}A\\T\end{vmatrix}=\begin{vmatrix}50\\250\end{vmatrix}[/tex]
From the Question we have told that
Each unit of agricultural output requires 0.4 unit of agricultural input
Each unit of agricultural output requires 0.1 unit of textiles input.
Each unit of textiles output requires 0.1 unit of agricultural input
Each unit of textiles output requires 0.2 unit of textiles input.
Generally the technology matrix for this economy is given below
With
X =Agricultural industry Gross output
Y= Textile industry Gross Output
Therefore
[tex]X= \begin{vmatrix}0.4 & 0.1 \\0.1 & 0.2\end{vmatrix}[/tex]
b)
From the Question we are told that
Surpluses of 5 units of agricultural products and 195 units of textiles are desired.
Therefore, we have Desired surplus matrix of
[tex]D= \begin{vmatrix}5\\195\end{vmatrix}[/tex]
Generally the Technology equation is mathematically given as
[tex](I-X)\phi=D[/tex]
Where
X =Agricultural industry Gross output
I=A Unit matrix
\phi=Matrix of gross production
Therefore
[tex]\begin{vmatrix}1 & 0\\0 & 1\end{vmatrix}-(\begin{vmatrix}0.4 & 0.1 \\0.1 & 0.2\end{vmatrix}))\begin{vmatrix}A\\T\end{vmatrix}=\begin{vmatrix}5\\195\end{vmatrix}[/tex]
[tex]\begin{vmatrix}A\\T\end{vmatrix}=\begin{vmatrix}50\\250\end{vmatrix}[/tex]
In conclusion
The technology matrix for this economy and the the gross production of each industry are
[tex]X= \begin{vmatrix}0.4 & 0.1 \\0.1 & 0.2\end{vmatrix}[/tex]
[tex]\begin{vmatrix}A\\T\end{vmatrix}=\begin{vmatrix}50\\250\end{vmatrix}[/tex] Respectively
In conclusion
https://brainly.com/question/16863924
if x+y=2 and x=4 then x+2y
Given: 3x+11=y, solve for x if y = 29
answer is 6
Step-by-step explanation:
3x+11=y
y=29
3x+11=29
3x=29-11
3x=18
x=18÷3
x=6
Answer:6
Step-by-step explanation:
3x+11=29
3x=29-11
3x=18
X=18/3
X=6
Find theta to the nearest tenth of a degree, if theta is between 0 degrees and 360 degrees for sin theta = 0.4649 with theta in quadrant 2
9514 1404 393
Answer:
152.3°
Step-by-step explanation:
The arcsine function only gives angles in quadrants I and IV. Since this is a quadrant II angle, its value will be ...
θ = 180° -arcsin(0.4649) = 180° -27.7°
θ = 152.3°
How many natrual numbers in between 68 and 145
Answer:
76 natural number not including the first
Hope this helps <3 Comment if you want more thanks and be sure to give brainliest (4 left) <3
There are 78 natural numbers between 68 and 145.
What are the Natural numbers?The Natural numbers are defined as it used for counting and are a component of the number system, which includes all positive integers from 1 to infinity. It does not include zero (0).
The set of natural numbers includes only the positive integers, i.e., 1, 2, 3, 4, 5, 6, ……….∞.
Sum of natural numbers are n(n+1)/2
Sn = n(n+1)/2
Hence, this is the formula to calculate sum of 'n' natural numbers.
Given that numbers are 68 and 145
We will start counting from 68 to 144
Number of natural numbers between 68 and 145 = (144 - 67)+1
Number of natural numbers between 68 and 145= 77 +1
Number of natural numbers between 68 and 145 = 78
Hence, there are 78 natural numbers between 68 and 145.
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find the value of the trigonometric ratio. make sure to simplify the fraction if needed
Answer:
Cos C = a/h
= 21/35
Step-by-step explanation:
since cos is equal to adjacent angle over hypotenuse angle, so from the question we conclude Cos C = 21/35
There are 768 beds in a hospital.
Each floor has 64 beds.
How many floors are there?
Answer:
12 floors
Step-by-step explanation:
768 ÷ 64 = 12.
Answer:
12
Step-by-step explanation:
768 divided by 64 =12
The daily production of electronic motors at a certain factory averaged 120 with a variance of 100. The fraction of days that will have production levels between 100 and 140 assuming doubt about the normality of the data is
You need a 75% alcohol solution. On hand, you have a 60 mL of a 55% alcohol mixture. You also have 85% alcohol mixture. How much of the 85% mixture will you need to add to obtain the desired solution?
You will need_____ mL of the 85% solution
60 mL=55% alcohol
?mL=85% alcohol
85×60÷55
=92.727 mL
I think do like this....I'm not sure
Hope this help you
9514 1404 393
Answer:
120 mL
Step-by-step explanation:
Let x represent the amount of 85% solution needed. Then the total amount of alcohol in the mix is ...
0.55(60) +0.85(x) = 0.75(60 +x)
33 + 0.85x = 45 +0.75x . . . . . . . eliminate parentheses
0.85x = 12 +0.75x . . . . . . . . . .subtract 33
0.10x = 12 . . . . . . . . . . . . . . subtract 0.75x
x = 120 . . . . . . . . . . . . . . multiply by 10
You will need 120 mL of the 85% solution.
Hey community I thank you guys fir your help
Answer:
A, B, and E.
Step-by-step explanation:
A. 5^x * 5^x
= 5^x+x
=5^(2)(x)
=25^x
B. 5^2x
=5^(2)(x)
=25^x
C. 5*5^2x
=5^1+2x
D. 5*5^x
=5^1+x
E. (5*5)^x
=5^x*5^x
=5^(2)(x)
=25^x
F. 5^2*5^x
=5^2+x
Fill in the blanks.
(3b^3)^2 = _b^_
We can seperate (3b³) into two different parts, the constant and the variable.
The constant (3) and the variable (b) can both be squared and multiplied to get the correct answer, so:
3² = 9
(b³)² = [tex]b^{6}[/tex]
So, [tex](3b^{3})^{2} = 9b^{6}[/tex]
The HCF of two numbers is 175. The LCM of these two numbers is 12600. Both numbers are greater than their HCF. Find the two numbers
Answer:
Hello,
Answer : 1400 and 1575
Step-by-step explanation:
Let's say a and b the ywo numbers
[tex]HCF(a,b)=a\vee b=175=5^2*7\\LCM(a,b)=a\wedge b=12600\\\\a*b=(a\vee b)*(a\wedge b)=(2^3*3^2*5^2*7)*(5^2*7)=2^3*3^2*(5^2*7^2)^2\\\\Both\ numbers\ are\ greater\ than\ their HCF\\a=175*k_1\\b=175*k_2\\\\k_1=2^3\ and\ k_2=3^2\\\\a=175*2^3=1400\\b=175*3^2=1575\\\\[/tex]
A research center poll showed that 76% of people believe that it is morally wrong to not report all income on tax returns. What is the probability that someone does not have this belief?
Answer:
6/25
Step-by-step explanation:
P(have belief) =76/100 = 19/25
P (does not have belief) = 1-19/25 = 6/25
look at the image to find the question
Answer:
yes, the volume = 16 ft^3
11. The unit digit in the expression (31 + 132 + 143 + 414 + 515 +156 + 61) i (A) 4 (B) 3 (C) 2 . (D) 1
Answer:
Step-by-step explanation:
[tex]we \ add \ \ only \ \ units \ we \ do \ not \ need \ the \ rest \\\\ \bf (3\underline 1 + 13\underline2 + 14\underline3 + 41\underline4 + 51\underline5 +15\underline6 + 6\underline1)= \\\\ 1+2+3+4+5+6+1=2\underline 2 \\\\ Answer: C) \ 2[/tex]
find the missing side. round your answer to the nearest tenth. PLEASE HURRY
Answer:
5.4
Step-by-step explanation:
cos(theta) = B/H
cos(75)=x/21, x=5.4
In a study on the time that
a student required to obtain a college degree is randomly selected to 80
students and it is discovered that they have an average of 4.8 years (according to data from the National
Center for Education Statistics). Assuming s 2.2 years, construct an estimate of a confidence interval of the population mean. The confidence interval
the result contradicts the fact that 39% of students get their college degree in four years?
The 95% confidence interval of the population mean, in years, is (4.3, 5.3). 4 years is not part of the confidence interval, which means that it contradicts the fact that 39% of students get their college degree in four years.
-----------------------------
To solve this question, we need to find the confidence interval for the amount of time it takes the students to get the degree.
We have the standard deviation for the sample, which means that the t-distribution is used to solve this question.
-----------------------------
The first step to solve this problem is finding how many degrees of freedom,which is the sample size subtracted by 1. So
df = 80 - 1 = 79
-----------------------------
95% confidence interval
Standard level of confidence, we have to find a value of T, which is found looking at the t table, with 79 degrees of freedom(y-axis) and a confidence level of [tex]1 - \frac{1 - 0.95}{2} = 0.975[/tex]. So we have T = 1.9905.
-----------------------------
The margin of error is:
[tex]M = T\frac{s}{\sqrt{n}} = 1.9905\frac{2.2}{\sqrt{80}} = 0.5[/tex]
In which s is the standard deviation of the sample and n is the size of the sample.
-----------------------------
The lower end of the interval is the sample mean subtracted by M. So it is 4.8 - 0.3 = 4.3 years.
The upper end of the interval is the sample mean added to M. So it is 4.8 + 0.3 = 5.3 years.
-----------------------------
The 95% confidence interval of the population mean, in years, is (4.3, 5.3). 4 years is not part of the confidence interval, which means that it contradicts the fact that 39% of students get their college degree in four years.
A similar question is given at https://brainly.com/question/24278748
I need help with this question!
Mike wants to buy a scooter worth R10000 but cannot afford so he opts for the hire purchase agreement which requires a 13% deposit and a 24 equal monthly installments at a rate of 15% per annum compounded monthly
A.How much will his deposit be?
B.calculate how much does he still need to pay after the deposit
C.calculate the monthly installment
Answer: I think the answer is A
Step-by-step explanation:
PLEASE HELP ASAP
Solve the inequality [tex]\sqrt[3]{x+4} \ \textgreater \ \sqrt[2]{-x}[/tex]
A) x < 2
B) x > 2
C) x > –2
D) x < –2
create a graph of 4.95 + 3.99
Answer:
????
Step-by-step explanation:
as in y = 4.95 + 3.99 or points? if so just draw a horizontal line at 8.94
Find x.
60°
45°
6
—————
Answer:
Step-by-step explanation:
In a residual plot against x that does NOT suggest we should challenge the assumptions of our regression model, we would expect to see a _____. a. parabolic band of points b. band of points having a slope consistent with that of the regression equation c. horizontal band of points centered near 0 d. widening band of points
Answer:
In a residual plot against x that does NOT suggest we should challenge the assumptions of our regression model, we would expect to see a _____.
c. horizontal band of points centered near 0
Step-by-step explanation:
This residual graph or plot shows the residual values (or the difference between the observed y-value (from scatter plot) and the predicted y-value (from regression equation line) on the vertical axis and displays the independent variable on the horizontal axis. A linear regression model becomes appropriate for a dataset when the points are randomly dispersed around the horizontal axis near 0; otherwise, a nonlinear model becomes more appropriate.
A manufacturer claims that its drug test will detect steroid use (that is, show positive for an athlete who uses steroids) 95% of the time. Further, 15% of all steroid-free individuals also test positive. 10% of the rugby team members use steroids. Your friend on the rugby team has just tested positive. The correct probability tree looks like
Answer:
The probability tree is;
0.95 [tex](+)[/tex]
[tex](S)[/tex]
0.1 0.05 [tex](-)[/tex]
[ P ]
0.9 0.15 [tex](+)[/tex]
[tex](S_{no})[/tex]
0.85 [tex](-)[/tex]
Step-by-step explanation:
Given the data in the question;
10% of the rugby team members use steroids
so Probability of using steroid; P( use steroid ) = 10% = 0.10
Probability of not using steroid; P( no steroid use ) = 1 - 0.10 = 0.90
Since the test show positive for an athlete who uses steroids, 95% of the time.
Probability of using steroids and testing positive = 95% = 0.95
Probability of using steroids and testing Negative = 1 - 0.95 = 0.05
Also from the test, 15% of all steroid-free individuals also test positive.
so
Probability of not using steroids and testing positive = 15% = 0.15
Probability of not using steroids and testing negative = 1 - 0.15 = 0.85
To set up the probability tree, Let;
[tex](S)[/tex] represent steroid use
[tex](S_{no})[/tex] represent no steroid use
[tex](+)[/tex] represent test positive
[tex](-)[/tex] represent test negative
so we have;
0.95 [tex](+)[/tex]
[tex](S)[/tex]
0.1 0.05 [tex](-)[/tex]
[ P ]
0.9 0.15 [tex](+)[/tex]
[tex](S_{no})[/tex]
0.85 [tex](-)[/tex]
write your answer in simplest radical form
Answer:
x = 2 yd
Step-by-step explanation:
Angles of 45 degreees = two congruent legs
for the Pythagorean theorem
2x^2 = 8
x^2 = 4
x = 2
Help please. For the hign school basketball game, it costs $8 for every 4 tickets. Complete the table below showing the cost and the number of tickets.
Answer:
$2 for 1 ticket, 7 tickets for $14, $18 for 9 tickets, 10 tickets for $20
Step-by-step explanation:
Since we know that it $8 for 4 tickets, we can simplify the ratio down to 2:1, meaning that each ticket is $2.
You're welcome and good luck with your classes young one
Add the first 12 terms of this sequence:
15, 45, 135, 405, 1215, ...
Answer:
Step-by-step explanation:
a₁ = 15
a₂/a₁ = 45/15 = 3
a₃/a₂ = 135/45 = 3
...
It is a geometric sequence with a common ratio r=3.
Sum of first 12 terms = a₁·(1-r¹²)/(1-r)
= 15·(1-3¹²)/(1-3)
= 15·(-531,441)/(-2)
= 3,985,800
Which is a perfect square?
6’1
6’2
6’3
6’5
Answer:
6'2
Step-by-step explanation:
Let h(x)=20e^kx where k ɛ R (Picture attached. Thank you so much!)
Answer:
A)
[tex]k=0[/tex]
B)
[tex]\displaystyle \begin{aligned} 2k + 1& = 2\ln 20 + 1 \\ &\approx 2.3863\end{aligned}[/tex]
C)
[tex]\displaystyle \begin{aligned} k - 3&= \ln \frac{1}{2} - 3 \\ &\approx-3.6931 \end{aligned}[/tex]
Step-by-step explanation:
We are given the function:
[tex]\displaystyle h(x) = 20e^{kx} \text{ where } k \in \mathbb{R}[/tex]
A)
Given that h(1) = 20, we want to find k.
h(1) = 20 means that h(x) = 20 when x = 1. Substitute:
[tex]\displaystyle (20) = 20e^{k(1)}[/tex]
Simplify:
[tex]1= e^k[/tex]
Anything raised to zero (except for zero) is one. Therefore:
[tex]k=0[/tex]
B)
Given that h(1) = 40, we want to find 2k + 1.
Likewise, this means that h(x) = 40 when x = 1. Substitute:
[tex]\displaystyle (40) = 20e^{k(1)}[/tex]
Simplify:
[tex]\displaystyle 2 = e^{k}[/tex]
We can take the natural log of both sides:
[tex]\displaystyle \ln 2 = \underbrace{k\ln e}_{\ln a^b = b\ln a}[/tex]
By definition, ln(e) = 1. Hence:
[tex]\displaystyle k = \ln 2[/tex]
Therefore:
[tex]2k+1 = 2\ln 2+ 1 \approx 2.3863[/tex]
C)
Given that h(1) = 10, we want to find k - 3.
Again, this meas that h(x) = 10 when x = 1. Substitute:
[tex]\displaystyle (10) = 20e^{k(1)}[/tex]
Simplfy:
[tex]\displaystyle \frac{1}{2} = e^k[/tex]
Take the natural log of both sides:
[tex]\displaystyle \ln \frac{1}{2} = k\ln e[/tex]
Therefore:
[tex]\displaystyle k = \ln \frac{1}{2}[/tex]
Therefore:
[tex]\displaystyle k - 3 = \ln\frac{1}{2} - 3\approx-3.6931[/tex]
Calculate the Standard Deviation of the following set of data. 14, 15, 16, 16, 9, 3, 16, 20, 29, 12
Answer:
6,78
Step-by-step explanat
ion:data size :10
Sample mean:15
Standard sample deviation :6,782
Answer:
6,78
Step-by-step explanation: