1.
A manufacturer produces three products, A, B, and C. The profits for each unit of A, B, and C sold are
$11,
$22,
and
$33,
respectively. Fixed costs are
$18,000
per year, and the costs of producing each unit of A, B, and C are
$4,
$5,
and
$7,
respectively. Next year, a total of
10,000
units of all three products is to be produced and sold, and a total profit of
$18,000
is to be realized. If total cost is to be
$69,000,
how many units of each of the products should be produced next year?
Product A= ?
Product B= ?
Product C= ?
2.
The economy of a small island nation is based on two sectors, agriculture and tourism. Production of a dollar's worth of agriculture requires an input of $0.36 from agriculture and $0.50 from tourism. Production of a dollar's worth of tourism requires an input of $0.46 from agriculture and $0.25 from tourism. Find the output from each sector that is needed to satisfy a final demand of $45 million for agriculture and $79 million for tourism.
The output from the agriculture sector is approximately
As per HomeworkLib's policy, we are mandated to solve only one question. Here is the solution to your first question.
Please give it a thumbs up if you like the answer. Comment if any problem in solution. :)
1. A manufacturer produces three products, A, B, and C. The profits for each unit of...
The economy of a small island nation is based on two sectors, agriculture and tourism. Production of a dollar's worth of agriculture requires an input of $0.39 from agriculture and $0.44 from tourism. Production of a dollar's worth of tourism requires an input of $0.43 from agriculture and $ 0.28 from tourism. Find the output from each sector that is needed to satisfy a final demand of $40 million for agriculture and $74 million for tourism.
I PUT QUESTION 2 a. Suppose in country Bliss, 60% of its population lives in condominiums (denoted by () and 40% lives in houses (denoted by H). The observed yearly transition matrix. T. is: CH C10.35 0.65) 0.45 0.55 1. Interpret the elements in the second row of matrix T. (2 points) ii. After the lapse of one year, do the majority of country Bliss people still prefer to live in condominiums than to live in houses? (3 points) iii....
Question 6 (9 points) In a two sector economy, production of a dollar's worth of agriculture output requires an input of $0.40 from agriculture and $0.20 from manufacturing industry. Production of a dollar's worth of manufacturing output requires an input of $0.15 from agriculture and $0.30 from manufacturing industry. a. Find the necessary levels of output (in $ billions) by agriculture and manufacturing industries if there is also a surplus (final demand) of $16 billion for agriculture and $36 billion...
A manufacturer produces three products, A, B, and C. The profits for each unit of A, B, and C sold are S1, S2, and S3, respectively. Fiked costs are $17,000 per year, and the costs of producing each unit of A, B, and C are $4, S5, and $7, respectlvely. Next year, a total of 10,000 units of al three praducts is to be produced and sold, and a total profit of $23,000 is to be reafzed. I total cost...
An economy is based on three sectors, agriculture, manufacturing, and energy. Production of a dollar's worth of agriculture requires inputs of $0.40 from agriculture, $ 0.40 from manufacturing, and $0.20 from energy. Production of a dollar's worth of manufacturing requires inputs of $0.30 from agriculture, $0.30 from manufacturing, and $0.30 from energy. Production of a dollar's worth of energy requires inputs of $0.20 from agriculture, $0.40 from manufacturing, and $0.30 from energy. Find the output for each sector that is...
please tell thr output of the manufacture and the output of thr energy too An economy is based on three sectors, agriculture, manufacturing, and energy. Production of a dollar's worth of agriculture requires inputs of $0.30 from agriculture. $0.30 from manufacturing and $0.30 from energy. Production of a dollar's worth of manufacturing requires inputs of $0.30 from agriculture. $0.20 from manufacturing, and $0 20 from energy. Production of a dollar's worth of energy requires inputs of $0.20 from agriculture, $0.30...
please tell the output of the energy and manucfacture sector too An economy is based on three sectors, agriculture, manufacturing, and energy Production of dollar's worth of agriculture requires inputs of $0.20 from aglar $0.40 from manufacturing and $0.20 trom wey Production de dolar's worth of manufacturing requires inputs of $0.30 from alulture, 50 20 from manufacturing, and 5020 from energy Production of a dollar's worth of energy reputs of $0.20 hom o , 10.30 tommercturing, and $0.30 from energy...
please help production of a dollars worth of agriculture is agriculture 0.30$ manufacture 0.30$ energy 0.30$ production of dollars worth of manufacture is agricultrue 0.30$ manufacture 0.30$ energy 0.30$ production of dollars worth of energy is agriculture 0.30$ manufacturing 0.40$ energy 0.30$ output to satisfy a final demand for each agriculture 73$billion manufacture 62$billion energy 80$billion An economy is based on three sectors, agriculture manufacturing, and energy Production of a dolar's worth of agriculture requires Inputs of $0.30 from agriculture....
4) large oil company produces two grades of gasoline: regular and super-unleaded. To produce these gasolines, equipment is used which requires as input certain amounts of each of the 2 worth of a dollar's worth of super-unleaded requires inputs of $0.15 worth of regular, and $0.11 worth of super-unleaded. In addition, the oil company has final demands for each of the different grades of gasoline, 10 million for regular and 15 million for super-unleaded. Find the production levels. Suppose that...
(Ravindran et al., 1987) A company manufacturers three products A, B, and C. Each unit of product A requires 1 h of engineering service, 10 h of direct labor, and 3 lb of material. To produce one unit of product B requires 2 h of engineering, 4 h of direct labor, and 2 lb of material. Each unit of product C requires 1 h of engineering, 5 h of direct labor, and 1 lb of material. There are 100 h...