Help me please in this real fast im really confused Consider an international trade model consisting of three countries X, Y, and Z. Suppose X uses of its production domestically, sends of itsproduction to Y, and sends of its production to Z. Suppose Y uses of its production domestically, sends of its production to X, and sends of itsproduction to Z. Suppose Z uses of its domestic goods, sends of its production to X and sends of its production to Y. Assume this is a closedLeontief model.If we know country z produced 116 thousand units of goods, then country X producesthousand units of goods.thousand units of goods and country Y produces

Given an international trade consisting of three countries X,Y and Z

Answered: Consider an international trade model…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 24EQ: Suppose the coal and steel industries form a closed economy. Every $1 produced by the coal industry...

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23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes 1/2 of the food and 1/3 of the manufactured goods. Manufacturing consumes 1/2 of the food and 2/3 of the manufactured goods. Assuming the economy is closed and in equilibrium, find the relative outputs of the farming and manufacturing industries.
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.
Consider the following representation of the Ricardian Model. Two countries, India and Vietnam, produce two products - tea and garments. Total labour supply in India is 48 and the total labour supply in Vietnam is 60. The table provides the unit-labour requirements () to produce tea and garments in each country. India Vietnam Tea 120 32 Garments 48 16 Consider a monopolistically competitive industry where firms differ in productivity levels. When the industry opens to international trade, transportation and other transaction costs may determine which firms will remain exclusively in the local market and which firms will become exporters. a) True or False? b) Explain with the support of a graph.
Consider an international trade model consisting of three countries X, Y, and Z. Suppose X uses of its production domestically, sends of its production to Y, and sends of its production to Z. Suppose Y uses of its production domestically, sends of its production to X, and sends of its production to z Suppose Z uses of its domestic goods, sends of its production to X and sends of its production to Y. Assume this is a closed Leontlet model. thousand units of goods and country Y produces If we know country Z produced 204 thousand units of goods, then country X produces thousand units of goods.
Rabie Housewares Company produces goods A, B and C and the profit of Each of the mentioned products is 150, 100 and 200 dollars, respectively. The Production need into three raw materials M1, M2 and M3. Each unit of the produced requires 7,4,5 units of M1 and 20,8,10 units of M2 and 20,10,15 units of M3 respectively. The raw materials were specified as 1200 units of material M1, 1500 units of material M2, and 2000 units of material M3. Required: Create a mathematical model that achieves the maximum possible profit?
3) In the macroeconomic model below, Y is aggregate output, C is aggregate consump- tion, lo is aggregate investment, Go is government spending, T is the total amount of taxes collected by the government, and t is income tax rate. The variables Y, C, and T are endogenous, Go, Io, and t are exogenous, and a, b, and k are parameters. Y =C+lo+ Go C =a+b(Y-T) (a > 0,b e (0,1)) (k > 0,t € (0,1)) T =k+tY Calculate the determinant of the coefficient matrix A associated with this system of equations. The determinant of the coefficient matrix A is: a) |4 = 1-6+ bt b) JA| =1-b-bt + a c) JA = 6+t d) JA| = 1+a+b-t e) |A| = Go +b+t f) |A| = lo -b+t g) |A = Go + lo +b-t %3D 4) Use substitution to solve the macroeconomic model in problem 3) above, that is, find the equilibrium (Y,T", C"). Which of the following is true about the equilibrium of this model? a+t+blo+ kGo 1+a+b-t a - bk + Io + Go 1+a+b-t a- bk + b(1- t) (Io + Go) 1+a+b-t a) T = C" = ta +k- bk +t(Io+ Go) T = a- bk +Io+ Go C" 1-6+bt a- bk…
An economy is based on three sectors-agriculture, manufacturing, and services. For each unit of output, agriculture requires inputs of 0.30 unit from agriculture, 0.30 unit from manufacturing, and 0.30 unit from services. For each unit of output, manufacturing requires inputs of 0.30 unit from agriculture, 0.30 unit from manufacturing, and 0.30 unit from services. For each unit of output, services requires 0.30 unit from agriculture, 0.40 unit from manufacturing, and 0.30 unit from services. Determine the production levels needed to satisfy a final demand of 0 units for agriculture, 10 units for 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.)
Suppose that production of 1 unit of mining requires 3/5 unit of mining, 1/5 unit of manufacturing, and 1/5 unit of communication. To produce 1 unit of manufacturing requires 1/5 unit of mining, 2/5 unit of manufacturing, and 2/5 unit of communication. To produce 1 unit of communication requires 0 units of mining, 1/5 unit of manufacturing, and 4/5 unit of communication. Find the ratio of the three commodities in the closed model. The ratio is communication. units of mining to every 2 units of manufacturing and units of
Compute the break-even point in dollar sales for each product T and O. Compute the break-even point in units for each product T and O. Letter Co. produces and sells two products, T and O. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 50,000 units of each product. Sales and costs for each product follow.
Consider a labor market for men and women with two types of workers in each group, high ability (H types), and low ability (L types). H types among men and women have a productivity of 70 and L types among men and women have a productivity of 30. Among women 2/3rds are H types, and 1/3rd are L types, and among men ½ are H types, and ½ L types. Suppose affirmative action for women reduces the cost of college for all women to 10. What happens to the average wage gaps between men and women? Recall that employers know the shares of H and L types, but cannot observe individual types. ● Women on average make around 12% more than men. ● Women on average will make 40% more than men. ● Men will make 40% more than women. ● Women on average make 2/3rds more than men.
An economy is based on three sectors-agriculture, manufacturing, and services. For each unit of output, agriculture requires inputs of 0.30 unit from agriculture, 0.30 unit from manufacturing, and 0.20 unit from services. For each unit of output, manufacturing requires inputs of 0.20 unit from agriculture, 0.20 unit from manufacturing, and 0.30 unit from services. For each unit of output, services requires 0.20 unit from agriculture, 0.40 unit from manufacturing, and 0.40 unit from services. Determine the production levels needed to satisfy a final demand of 0 units for agriculture, 10 units for 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.) The production level needed from the manufacturing sector is units. (Do not round until the final answer. Then round to two decimal places as needed.) The production level needed from the services sector is…
Sunshine Manufacturing produces three products: X, Y, Z. The production of these end items is controlled by an MRP system. Each end item X is assembled with two components of A and one component of B. Each end item of Y is assembled with two components of C and one component of A. End item Z is assembled from one unit of D and one unit of C; D is manufactured from one unit of A; and C is manufactured from one unit of B. Use the information in the case study above. If item C has a manufacturing lead time of three weeks, and a planned receipt of 130 units is needed in week 4, which of the following statements is TRUE? A. The gross requirements for item B in week 2 is 65 units. B. The planned order release in week 2 for item C is 130 units. C. The gross requirements for item B in week 4 is 65 units. D. The gross requirements for item B in week 1 is 130

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