the russian-born u.s. economist and nobel laureate wassily leontief (1906–1999) was interested in the following question: what output should each of the industries in an economy produce to satisfy the total demand for all products? here, we consider a very simple example of input–output analysis, an economy with only two industries, a and b. assume that the consumer demand for their products is, respectively, 1,000 and 780, in millions of dollars per year. industry a industry b consumer 1,000 780 what outputs a and b (in millions of dollars per year) should the two industries generate to satisfy the demand? you may be tempted to say 1,000 and 780, respectively, but things are not quite as simple as that. we have to take into account the interindustry demand as well. let us say that industry a produces electricity. of course, producing almost any product will require electric power. suppose that industry b needs 10c/ worth of electricity for each $

Answers

Answer 1

The output should each of the industries in an economy produce to satisfy the total demand for all products are Output a=400 and Output b = 300

output of industry B = b

Now industry A shall produce output required by customer i.e.. 310

But , industry A also have to supply 0.36 output to Industry B

Then we obtain

a - 0.36 = 310

Similarly industry B shall produce output required by customer i.e. 100

while also supplying 0.5a output to Industry A .

Then we obtain

6 - 0.50 = 100

Thus , we obtain set of linear equations

a - 0.36 = 310

- 0.50 + b = 100

Solving the linear system, we multiply equation (1) by 0.5

1 x 0.5

0.50 - 0.156 = 155

2 x1

- 0.5a + b = 100

0.856 = 255

b = 255 = 300

0.85

a - 0.3(300 ) = 310

Then putting in eq (1)

a = 310 + 90 = 400

outputs a = 400, 6= 300

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Related Questions

guided by a strong moral compass and a sense of duty, focus on the process of change and inspire through vision, trust, respect, and consideration.
a. true
b. false

Answers

Answer:

true

Explanation

i am a ginus!

what's predictive analytics?

Answers

Predictive analytics is a branch of advanced analytics that uses current and historical data to forecast activity, behavior and trends.

Predictive analytics is a powerful tool for businesses to identify potential opportunities and risks, optimize customer relationships, and improve decision-making. It uses current and historical data to forecast activity, behavior, and trends using a variety of statistical techniques from data mining, predictive modeling, and machine learning. Predictive analytics can help businesses anticipate customer financial statements needs and make more informed decisions, allowing them to stay ahead of the competition and maximize profits. Additionally, predictive analytics can be used to optimize processes and increase efficiency, as well as to identify potential areas of growth and new opportunities. In short, predictive analytics is an invaluable tool for businesses of all sizes that can help them make more informed decisions, increase profits, and stay ahead of the competition.

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During which step of the marketing plan do marketers make important decisions about how they will allocate their scarce resources to their various products and services?.

Answers

During the implementation of the marketing mix in the plan, professionals are able to make more effective decisions about allocating resources to their products and services.

Marketing mix

Corresponds to a technique that serves to influence the potential public to consumer the products and services of a brand, through the implementation of strategies that help to achieve positive results.

There are four relevant pillars in the marketing mix, which must be consistently established for a company to achieve its goals, which are:

ProductPricePlacePromotion

Therefore, through the integration of the marketing mix a company can develop a focused strategy, strengthen the relationship with the consumer, publicize and strengthen its brand, generating value and competitiveness.

The correct answer is:

Implement marketing mix

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To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.

Answers

To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.

In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.

The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.

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Kaelyn's mother, Judy, looks after Kaelyn's four-year-old twins so Kaelyn can go to work (she drops off and picks up the twins from Judy's home every day). Since Judy is a relative, Kaelyn made sure, for tax purposes, to pay her mother the going rate for child care ($16,850 for the year). What is the amount of Kaelyn's child and dependent care credit if her AGI for the year was $129.500? a. $7,520 b. $2,168 c. $16,000 d. $0

Answers

The correct amount of Kaelyn's child and dependent care credit is **b. $2,168**.

The child and dependent care credit is calculated based on the qualifying expenses paid for child care services, subject to certain limits and guidelines. In this case, Kaelyn paid her mother Judy the going rate for child care, which was $16,850 for the year.

To determine the credit amount, the eligible expenses are multiplied by a percentage based on the taxpayer's adjusted gross income (AGI). The percentage ranges from 20% to 35%, depending on the AGI.

In this scenario, Kaelyn's AGI for the year was $129,500. To calculate the credit, we need to determine the applicable percentage based on the AGI. Since the AGI falls within the range, the percentage used is 20%.

So, the child and dependent care credit is calculated as 20% of the eligible expenses ($16,850), resulting in a credit amount of $2,168. Therefore, option b is the correct answer.

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which of the following is an organization's most valuable resource? a) infrastructure b) technology c) people d) land

Answers

Option (c), The most valuable resource of an organization is people.

An organization's most valuable resource is people because without people, infrastructure, technology, and land are ineffective. People are required to run the technology, work on infrastructure, and utilize land to its full capacity. Furthermore, people have unique skill sets and ideas that can contribute to the organization's growth and profitability. People's development, commitment, and engagement are all crucial to the success of an organization.

Infrastructure is the second most important resource of an organization. An organization must have a good infrastructure in place to function correctly and effectively. It may be as basic as physical buildings, machines, and other resources, or it may be as complex as the organization's supply chain. A good infrastructure allows an organization to be more productive and reduces downtime.

Technology is the third most important resource of an organization. Technology, like infrastructure, is critical to an organization's success. It allows businesses to automate operations, create efficiencies, and increase productivity. It also helps in improving communication, reducing errors, and boosting innovation and creativity.

Lastly, land is the least important resource of an organization. It can refer to any property or natural resource that the organization possesses. While land is significant, it is not as critical as the other resources mentioned above. Without the other resources, land is useless.

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Which of the following must be present for a firm to maintain its market power for an extended period of time?
a. Perfect competition
b. Supply and demand
c. Barriers to entry
d. Profit maximization

Answers

Barriers to entry must be present for a firm to maintain its market power for an extended period of time. Option C is correct.

Market power refers to the capability of a company to manipulate price and output in the marketplace by altering the supply and demand for a good or service.

The following points must be present for a firm to maintain its market power for an extended period of time:

Barriers to entry- Barriers to entry are the obstacles that must be overcome for a new firm to enter the market. Some barriers to entry include brand recognition, patents, technology, high start-up costs, and so on. These barriers to entry will protect the firm's market share from new entrants seeking to enter the market.

Supply and Demand- The supply and demand relationship determine the price and output level of a product. When a firm has market power, it can change the supply and demand for a good or service in the market, enabling it to charge higher prices and limit output.

Perfect competition- A firm cannot maintain its market power for an extended period in a perfectly competitive market. In such markets, many firms provide similar goods and services at identical prices, making it difficult for any one firm to dominate.

Profit Maximization- The desire to earn the highest possible profits is common among companies. A firm that has market power can alter the supply and demand relationship in the market, allowing it to charge a premium price and generate higher profits.

Therefore, Option C is correct.

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QUESTION 3 Suppose the demand for oil is P-125Q-0.20. There are two oil producers who do not cooperate. Producing oil costs $11 per barrel. What is the profit of each cartel member? 55

Answers

The profit of each cartel member is $5492.19.    

Given the demand function for oil: `P = 125 - 0.2Q`The cost of producing oil is given as `$11 per barrel`.Let `q1` and `q2` be the quantities produced by producer 1 and producer 2 respectively, then the total quantity produced is: `Q = q1 + q2`.

The price of oil is determined by the total quantity produced, hence the revenue of each producer is: `TR = P*q = (125 - 0.2Q)*q`The profit of each producer is: `π = TR - TC`, where `TC` is the total cost of producing oil. We know that `TC = $11*Q = $11(q1 + q2)`Hence the profit of each producer is:π1 = TR1 - TC1 = (125 - 0.2Q)*q1 - $11*q1π2 = TR2 - TC2 = (125 - 0.2Q)*q2 - $11*q2.

Substituting `Q = q1 + q2` in both expressions, we get:π1 = (125 - 0.2(q1 + q2))*q1 - $11*q1π2 = (125 - 0.2(q1 + q2))*q2 - $11*q2We know that the producers do not cooperate, hence each producer tries to maximize their own profit. In other words, each producer will choose a quantity that maximizes their profit given the quantity produced by the other producer.

This is called a Nash equilibrium.To find the Nash equilibrium, we need to solve the following optimization problem for each producer:Maximize πi = (125 - 0.2(q1 + q2))*qi - $11*qi, subject to q1, q2 >= 0We can rewrite the objective function as:πi = 125qi - 0.2qi^2 - 11qi(q1 + q2)Hence the optimization problem becomes:Maximize πi = 125qi - 0.2qi^2 - 11qi(q1 + q2), subject to q1, q2 >= 0To solve this problem, we need to take the derivative of the objective function with respect to qi and set it equal to zero:∂πi/∂qi = 125 - 0.4qi - 11(q1 + q2) = 0.

Solving for qi, we get:qi = (125 - 11q1 - 11q2)/0.4Substituting this into the constraint `Q = q1 + q2`, we get:Q = 312.5 - 0.5q1 - 0.5q2Hence the Nash equilibrium is given by:q1* = q2* = 78.125andQ* = 156.25Substituting these values in the profit expressions, we get:π1* = π2* = $5492.19Therefore, the profit of each cartel member is $5492.19.  

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How can a diverse economy like the United States, satisfy the needs of its consumers?

Answers

Answer:

Supply and Demand

Explanation:

heart been broke so many times..

Answers

:(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((

what are the criticism of adam smith defination of economics?​

Answers

Answer:

Criticism of Smith's Definition

The wealth-centric definition of economics limited its scope as a subject and was seen as narrow and inaccurate. Smith's definition forced the subject to ignore all non-wealth aspects of human existence.

Making sure that data collected on customer trends is organized is one way technology can help a business.


True

False

Answers

Answer:

True

Explanation:

I would say this statement in TRUE. Here is my reasoning: Data collection is information learned by a business. For example: If you are a moving company and you paid for a TV commercial. Wouldn't you like to know how many people are calling you for moves based on that commercial? Of course. So asking your customers "where did you hear about us?" and hearing "The TV commercial" can identify that not only is your commercial working but that it is paying for itself with the business coming your way. Data collected is a GREAT way to run a business successfully.  

Fultz Company has accumulated the following budget data for the year 2020.
1. Sales: 31,120 units, unit selling price $88.
2. Cost of one unit of finished goods: direct materials 1 pound at $6 per pound, direct labor 3 hours at $12 per hour, and manufacturing overhead $8 per direct labor hour.
3. Inventories (raw materials only): beginning, 10,290 pounds; ending, 15,240 pounds.
4. Selling and administrative expenses: $170,000; interest expense: $30,000.
5. Income taxes: 30% of income before income taxes.
Prepare a schedule showing the computation of cost of goods sold for 2017:
Cost of one unit of finished goods:
Direct Materials: $___
Direct Labor: $___
Manufacturing Overhead: $___
TOTAL: $___
COST OF GOODS SOLD: $___
Prepare a budgeted multi-step income statement for 2017:
_____: $___
_____: $___
_____: $___
_____: $___
_____: $___
_____: $___
_____: $___
_____: $___
_____: $___

Answers

Assuming the direct materials is 1 pound , the cost of goods sold is $2,053,920 and the income statement is: $339,248.

Cost of goods sold

Cost of goods sold for 2017

Cost of one unit of finished goods:

Direct materials $6

Direct labor $36

(3×$12)

Manufacturing overhead $24

(3×$8)

Total $66

Cost of goods sold $2,053,920

($66×31,120)

Budgeted multi-step income statement for 2017:

Sales revenue $2,738,560

($88×31,120)

Less cost of goods sold $2,053,920

Gross profit $684,640

Less selling and administrative expense $170,000

Income from operation before interest and tax $514,640

($684,640-$170,000)

Less interest expense $30,000

Profit before tax $484,640

($514,640-$30,000)

Less income tax expense $145,392

(30%×$484,640)

Profit after tax $339,248

($484,640-$145,392)

Inconclusion the cost of goods sold is $2,053,920 and the income statement is: $339,248.

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A company purchased $11,000 of merchandise on January 5 with terms 3/10, n/30. On January 7, it returned $700 worth of merchandise. On January 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on January 12 is:

Answers

Debit Accounts Payable is $10,300

Credit Merchandise Inventory is  $309

Credit Cash is $2,182.50

What is perpetual inventory system?

A perpetual inventory system, as opposed to a physical inventory, is a program that continuously estimates your inventory based on your electronic records. This system starts with a physical count as a baseline and updates based on receipt of purchases and shipment of goods.

Based on the information given Assuming the company uses a perpetual inventory system to record the purchases using the gross method, the correct journal entry to record the payment on January 12 will be :

Debit Accounts Payable $10,300

($10,300-$700)

Credit Merchandise Inventory $309

[(3%*11,000)-(3%*700)]

Credit Cash $9,991

($10,300-$309)

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Define the word extractive!



Thanks!

Answers

Pleasing or appealing to the senses

an example of an explicit cost of production would be the group of answer choices lost opportunity to invest in capital markets when the money is invested in one's business. lease payments for the land on which a firm's factory stands. cost of forgone labor earnings for an entrepreneur. value of the time the business could've spent producing something else.

Answers

Option B. An example of an explicit cost of production would be  lease payments for the land on which a firm's factory stands.

What is the meaning of explicit cost of production?

Explicit costs are expenses incurred directly by a company, such as payments for goods, rent, or labor and salaries. Implicit costs are the opportunity costs associated with resources that the company already owns and uses for its operations, such as expanding a plant onto land it already owns.

Explicit costs are actual costs that are recorded in the general ledger of a business and are used to calculate profitability. Examples include rent and salary

Lease payments for the property where a company's facility is located are an illustration of an explicit cost of production.

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congress created the federal reserve system question content area bottom part 1 a. to process the receipt of taxes received by the internal revenue service. b. to regulate the value of the u.s. dollar against foreign currencies. c. to provide a source of mortgage loans to the residential housing market. d. to serve as a lender of last resort.

Answers

Bank runs caused by a particularly bad crisis in 1907 wrecked havoc on the frail banking system and eventually prompted Congress to draft the Federal Reserve Act in 1913.

In order to deal with these banking panics, the Federal Reserve System was initially established. It was established by the Congress to give the country a more secure, adaptable, and stable financial and monetary system. On December 23, 1913, President Woodrow Wilson signed the Federal Reserve Act into law, thereby establishing the Federal Reserve. The Federal Reserve Act was approved by the Senate and signed by President Woodrow Wilson on December 23, 1913, after several months of deliberation and almost entirely party-line vote. To promote economic stability, President Woodrow Wilson signed the 1913 Federal Reserve Act, granting the 12 Federal Reserve banks the authority to manufacture money. 1 The dual mandate was established by the Federal Reserve System to increase employment and control inflation. In order to maintain public confidence in the banking system, oversee and regulate the banking sector, and serve as a lender of last resort in times of financial emergency, the Federal Reserve was established in 1913. It helps to build and stabilize the monetary systems across the country. It manages the payment system, enforces consumer protection laws, regulates financial institutions, offers financial services to the government, and sets monetary policy of Congress.

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Fund financial statements' focus on the short-term flow of current financial resources make it easier for users to assess ______ accountability, which is ensuring compliance with public decisions concerning raising and spending resources.

Answers

The fund financial statements' focus on the short-term flow of current financial resources makes it easier for users to assess financial accountability. This accountability ensures compliance with public decisions concerning raising and spending resources.

What is financial accountability?

Financial accountability refers to the management of financial resources and assets. It involves ensuring that public resources are utilized appropriately, efficiently, and effectively. The objective of financial accountability is to achieve compliance with public decisions regarding raising and spending resources. Financial accountability promotes transparency, responsibility, and accountability in the management of public funds and resources.

The fund financial statements' focus on the short-term flow of current financial resourcesThe fund financial statements are used to provide information on the financial position and performance of a specific fund. These statements focus on the short-term flow of current financial resources. The information provided in the fund financial statements enables users to assess the financial accountability of the fund.

The fund financial statements provide information on the inflow and outflow of financial resources in the short term. This information is essential in assessing the financial accountability of the fund. It enables users to determine if the fund is using its resources appropriately and efficiently.

The focus on short-term financial resources in the fund financial statements makes it easier for users to assess financial accountability. This accountability ensures compliance with public decisions concerning raising and spending resources. Therefore, the fund financial statements are an essential tool for assessing financial accountability.

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Which of the following is not a basic consumer right?
O The right to safety
O The right to be informed
O The right to a refund
The right to a healthy environment

Answers

Answer:

C

the right to be refunded

Explanation:

The correct option is, (C) The right to a refund.

Which of the following is a basic right of a consumer?The bill stated that every person has four basic consumer rights.The right to be informed, the right to choose, the right to safety, and the right to be heard.

Which of the following is not a consumer right?

The right to false information is not the right of consumers.

What are the 5 rights of a consumer explain?Consumer protections such as consumer rights push companies to create goods and services that are advantageous and secure for customers. The safety, information, choice, voice, and remedy are the five main consumer rights that we will identify and discuss in this session.

Do consumers have the right to safety?Customers have the right to anticipate being protected from risky goods and services they purchase from the market, especially if they are used correctly for their intended purpose. The sale and distribution of hazardous products and services are prohibited, protecting consumers.

Hence, The right to a refund is not a basic consumer right.

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I allow you to write letters of the alphabets what I am​

Answers

Answer:

1COMPUTER (Practice worksheet) Name: Class:2 Date ...../ / I am your friend Pingo. Will you do this worksheet with me? This is my keyboard. Function Keys Numeric My computer's keyboard can talk. Special Keys Normal Keys Direction Keys Keys Numeric Keypad It wants to ask a few questions. Will you answer them for me? 1. Which key am I? a) I allow you to write letters of the alphabets. b) I allow you to move the cursor to the top of the page. c) I allow you to delete the letter to the left of the cursor d) I allow you to delete the letter to the right of the cursor. e) If you press me you can type capital letters. f) You use me to type numbers. g) I allow you to create blank spaces between two words or two numbers. h) I allow you to move the cursor up, down, left or right.

For Standing Bear Company, sales revenue is $200,000, sales returns and allowances are $5,000, sales discounts are $3,000, and cost of goods sold is $120,000. Net sales is:_________
a) $192,000.
b) $195,000.
c) $ 72,000.
d) $197,000.

Answers

The net sales of the given set of data is:

$72,000

What is Net Sales?

This refers to the addition of a company's gross sales minus the expenses which includes returns, allowances, etc.

The Gross Sales:

Sales revenue: $200,000

Cost of goods sold: $120,000

Total = $200,000 - $120,000

=$80,000

Expenses:

Sales allowances and discounts: $5,000

Sales discounts: $3,000

Total= $5,000 + $3,000

= $8,000

Therefore, net sales = Gross Sales – Returns – Allowances – Discounts

$80,000- $8,000

=$72,000

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International organizations prefer to rely on Blank______ for measuring the value produced in an economy.

Answers

Answer:

I thinks it's gross national income

Explanation:

I am guessing

DETAILS The Cartesian coordinates of a point are given. (a) (4√3,4) (i) Find polar coordinates (r, 8) of the point, where r>0 and 0 ≤ 0 < 2x. (r, 0) = -C (ii) Find polar coordinates (r, ) of the point, where r <0 and 0 ≤ 0 < 2. (r, 0) = =([ (1, -3) (1) Find polar coordinates (r, 0) of the point, where r> 0 and 0 ≤ 0 < 2. (r, 0) = (ii) Find polar coordinates (r, 0) of the point, where r< 0 and 0 ≤ 0 < 2n. (r, 0) = 3. [-/12 Points] (b) MY NOTES

Answers

Given Cartesian coordinate of point as `(4√3,4)`. To find the polar coordinates of the point, we use the following formulas:   `r= √x^2+y^2, θ = tan⁻¹(y/x)`We have `(x,y) = (4√3,4)`Therefore, `r = √(4√3)^2 + 4^2 = √48+16 = √64 = 8`Note: √(3^2) = 3`tanθ = y/x`    `θ = tan⁻¹(y/x)`    `θ = tan⁻¹(4/4√3)`    `θ = tan⁻¹(1/√3)`    `θ = 30°

`Therefore, polar coordinates are `(r,θ) = (8, 30°)`(a)(i) For `r>0 and 0 ≤ θ < 2π, (r,θ)` is `(8,30°)`.(ii) For `r<0 and 0 ≤ θ < 2π, (r,θ)` is `(-8,30°+π)`(b)Given `(x,y) = (1,-3)`Therefore, `r = √1²+(-3)² = √10`Note: √(3^2) = 3`tanθ = y/x`    `θ = tan⁻¹(y/x)`    `θ = tan⁻¹(-3/1)`    `θ = -71.57°`Therefore, polar coordinates are `(r,θ) = (√10,-71.57°)`(b)(i) For `r>0 and 0 ≤ θ < 2π, (r,θ)` is `(√10,-71.57°)`.(ii) For `r<0 and 0 ≤ θ < 2π, (r,θ)` is `(-√10,-71.57°+π)`Therefore, polar coordinates are`(√10,-71.57°)and(-√10,-108.43°)`.

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Explain why you might not want to have passive income as your only source of income.

Answers

Answer:

Passive income is dependent on the actions of others, and you have little influence over the amount of money you earn. Without doing anything different, the money you receive from it might be extremely excellent or very awful. If, for example, you are a novelist and your book is panned, you may not be able to make a living from it. If people like it, on the other hand, you may make a lot of money.

____________

OAmalOHopeO

______________

Answer:

Passive income relies on what others do and you dont really have control over the amount of money you make

write the necessary steps that need to be followed in maketing​

Answers

There are nine major steps required to develop a well-crafted, strategic marketing plan: set your marketing goals, conduct a marketing audit, conduct market research, analyze the research, identify your target audience, determine a budget, develop specific marketing strategies, develop an implementation schedule for ...

Imagine you are a sales manager and need to tell an employee that his sales numbers have not been very good and he needs to improve them in the next month. Would email be a good choice for this intradepartmental communication? Why or why not?

Answers

Yes, email would be a good choice of telling an employee that his/her sales have not been good.

As just sending a simple email is easy, fast and efficient and it gets the word to that employee as quick as possible

Answer:

Yes, an email would be a good choice of communication. Because then you can alert him/her/them that their sales have not been good this month and have receipts that you gave them a warning.

What you think the impact on society is for the ones making the pencils

Answers

Answer:

The impact was how many trees were being cut down.

Explanation:

People eyes were opened to how many trees were being used and programs were started for tree conservation. We now have mechanical pencils which use no wood at all. This dramatically cut down the usage of trees and got people's eyes opened to the shortage in trees. Graphite and the wooden holders.

Answer:

I think that it made business even easier by making them able to write easily.

Explanation:

Pencil was made to mark and write things, it could be used for counting or calculating during the time without technology. It could be used for writing on paper and then to turn it in.

3
Roscoe is helping his cousin redesign her family room. They work together to select a white leather couch, two white brocade chairs, and a large
white rug. They pick out some white throw pillows with different textures--some are knitted, and others are linen. Which BEST describes the
color scheme that Roscoe is creating?
A.
monochromatic
B.
complementary
OC.
primary
D.
analogous
Kk

Answers

Answer:  Monochromatic

Explanation:  Mono = 1, Chromatic = color:  Everything is white.

rate this photo...............

rate this photo...............

Answers

Answer:

ok

Explanation:

black and white

Answer:

um id.k maybe a 5 1/2 ig?

Explanation:

1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels

Answers

Answer:monopoly

Explanation:

Other Questions
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