document.write( "Question 1116904: an economy is based on three sectors: real estate, energy, and manufacturing. Production of 1 unit of real estate requires 0.2 units of real estate and 0.4 units of energy. Production of 1 unit of energy requires 0.2 units of energy and 0.4 units of manufacturing. Production of 1 unit of manufacturing requires 0.1 units of real estate, 0.1 units of energy, and 0.3 units of manufacturing.
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document.write( "a) Set up the technology matrix (input-output matrix)
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document.write( "b) What gross production is necessary to meet an external demand for 20 units of real estate, 10 units of energy, and 30 units of manufactoring? \n" );
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Algebra.Com's Answer #732005 by Theo(13342)![]() ![]() You can put this solution on YOUR website! the way i see this problem is as follows:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "R = outside real estate \n" ); document.write( "r = inside real estate required. \n" ); document.write( "E = outside energy \n" ); document.write( "e = inside energy required. \n" ); document.write( "M = outside manufacturing \n" ); document.write( "m = inside manufacturing required.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "you are given:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Production of 1 unit of real estate requires 0.2 units of real estate and 0.4 units of energy. Production of 1 unit of energy requires 0.2 units of energy and 0.4 units of manufacturing. Production of 1 unit of manufacturing requires 0.1 units of real estate, 0.1 units of energy, and 0.3 units of manufacturing.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "from that, you get:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "R = .2r + .4e \n" ); document.write( "E = .2e + .4m. \n" ); document.write( "M = .1r + .1e + .3m\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "you are asked:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "a) Set up the technology matrix (input-output matrix) \n" ); document.write( "b) What gross production is necessary to meet an external demand for 20 units of real estate, 10 units of energy, and 30 units of manufactoring?\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "in order to make 20 units of R, you would require:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "20 * (.2r + .4e) which is equal to 4r + 8e\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "in order to make 10 units of E, you would require:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "10 * (.2e + .4m) = 2e + 4m\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "in order to make 30 units of M, you would require:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "30 * (.1r + .1e + .3m) = 3r + 3e + 9m\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "these requirements are summarized below:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "20R = 4r + 8e \n" ); document.write( "10E = 2e + 4m \n" ); document.write( "30M = 3r + 3e + 9m\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the total resource required would be 7r + 13e + 13m\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "i don't see how this problem involves a matrix, so this may not be of help but what i did does provide an answer and does appear to be logically correct, at least from the way i'm looking at it.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |