Construct the exchange table for this economy

Reference no: EM131073113

Consider an economy with three sectors: Fuels and Power, Manufacturing, and Services. Fuels and Power sells 80% of its output to Manufacturing, 10% to Services, and retains the rest. Manufacturing sells 10% of its output to Fuels and Power, 80% to Services, and retains the rest. Services sells 20% to Fuels and Power, 40% to Manufacturing, and retains the rest

a. Construct the exchange table for this economy.

b. Develop a system of equations that leads to prices at which each sector's income matches its expenses. Then write the augmented matrix that can be row reduced to find these prices.

c. [M] Find a set of equilibrium prices when the price for the Services output is 100 units.

Reference no: EM131073113

Questions Cloud

Construct a specific example to show statement is true : Each statement in either true (in all cases) or false (for at least one example) If false, construct a specific example to show that the statement is not always true. Such an example is called a counterexample to the statement. If a statement is t..

How the standard form commercial contracts deal : How the contracts Bailey and Bell advises the contracts should be signed and presented - the regimes to assist in the interpretation of the contract in standard form commercial contracts.

What is the excuse for this alleged crime of embezzlement : A bank teller is told to hand over the money or else. If the bank prosecutes the teller for embezzlement or larceny, what would be the excuse for this alleged crime of embezzlement?

Examines the role of court administrators with ensuring : Compose an essay of 500 - 700 words that examines the role of court administrators with ensuring that the appropriate punishment is imposed when sentencing alternatives exist. For the purposes of this question the term "court administrators" is de..

Construct the exchange table for this economy : Develop a system of equations that leads to prices at which each sector's income matches its expenses. Then write the augmented matrix that can be row reduced to find these prices.

Accenture work-life balance programs : Accenture is a global management consulting, technology services, and outsourcing company. It has over 186,000 employees with offices and operations in 200 cities within 52 countries. Accenture is headquartered in New York City

Prepare flexible budgets for the company at sales volumes : Prepare flexible budgets for the company at sales volumes of 14,000 and 16,000 units and classify all items listed in the fixed budget as variable or fixed.

What do you believe can be done to improve this conditions : Provide two specific areas that females have a more difficult time with incarceration in prison than males. What do you believe can be done to improve this conditions in female correctional facilities?

Would this change the problem in any way discuss : Would this change the problem in any way? Discuss.

User Account

All Pages