Consider an economy with three sectors, Chemicals & Metals, Fuels & Power, and Machinery, Chemicals sells 20% of its output to Fuels and 60% to Machinery and retains the rest. Fuels sells 80% of its output to Chemicals and 10% to Machinery and retains the rest. Machinery sells 20% of its output to Chemicals and 20% to Fuels and retains the rest. Complete parts (a) through (c) below. a. Construct the exchange table for this economy. Distribution of Output from: Chemicals Fuels Machinery (Type integers or decimals.) Save Purchased by: Chemicals Fuels Machinery
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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.= Consider an economy with three sectors, Chemicals & Metals, Fuels & Power, and Machinery. Chemicals sells 30% of its output to Fuels and 50% to Machinery and retains the rest. Fuels sells 80% of its output to Chemicals and 10% to Machinery and retains the rest. Machinery sells 40% of its output to Chemicals and 30% to Fuels and retains the rest. Complete parts (a) through (c) below. a. Construct the exchange table for this economy. Distribution of Output from: Chemicals Fuels 0.2 0.8 0.3 0.1 0.5 0.1 (Type integers or decimals.) Machinery 0.4 0.3 0.3 Purchased by: Chemicals Fuels Machinery 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. The first, second, and third columns of the matrix should correspond to Chemicals, Fuels, and Machinery, respectively. wrong 0.2 0.8 0.4 0 The augmented matrix is 0.3 0.1 0.3 0 0.5 0.1 0.3 0 (Type an integer or decimal…= Consider an economy with three sectors, Chemicals & Metals, Fuels & Power, and Machinery. Chemicals sells 30% of its output to Fuels and 50% to Machinery and retains the rest. Fuels sells 80% of its output to Chemicals and 10% to Machinery and retains the rest. Machinery sells 40% of its output to Chemicals and 30% to Fuels and retains the rest. Complete parts (a) through (c) below. a. Construct the exchange table for this economy. Distribution of Output from: Chemicals Fuels 0.2 0.8 0.3 0.5 Machinery 0.4 0.3 0.3 Purchased by: Chemicals Fuels Machinery 0.1 0.1 (Type integers or decimals.) 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. The first, second, and third columns of the matrix should correspond to Chemicals, Fuels, and Machinery, respectively. The augmented matrix is 0.8 0.8 0.4 0 0.3 -0.9 0.5 0 0.5 0.1 -0.9 0 (Type an integer or decimal for…
- Consider an economy with three sectors, Chemicals & Metals, Fuels & Power, and Machinery. Chemicals sells 20% of its output to Fuels and 50% to Machinery and retains the rest. Fuels sells 80% of its output to Chemicals and 10% to Machinery and retains the rest. Machinery sells 50% of its output to Chemicals and 40% to Fuels and retains the rest. Complete parts (a) through (c) below. a. Construct the exchange table for this economy. Distribution of Output from: Chemicals Fuels Machinery .8 .3 .5 .2 .5 (Type integers or decimals.) 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. The first, second, and third columns of the matrix should correspond to Chemicals, Fuels, and Machinery, respectively. The augmented matrix is .1 Purchased by: Chemicals Fuels Machinery (Type an integer or decimal for each matrix element.)Consider an economy with three sectors, Chemicals & Metals, Fuels & Power, and Machinery. Chemicals sells 20% of its output to Fuels and 50% to Machinery and retains the rest. Fuels sells 80% of its output to Chemicals and 10% to Machinery and retains the rest. Machinery sells 50% of its output to Chemicals and 20% to Fuels and retains the rest. Complete parts (a) through (c) below. a. Construct the exchange table for this economy. Distribution of Output from: Chemicals Fuels Machinery Purchased by: Chemicals Fuels Machinery (Type integers or decimals.) 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. The first, second, and third columns of the matrix should correspond to Chemicals, Fuels, and Machinery, respectively. The augmented matrix is. (Type an integer or decimal for each matrix element.) c. Find a set of equilibrium prices when the price for the…Consider an economy with three sectors, Chemicals & Metals, Fuels & Power, and Machinery. Chemicals sells 30% of its output to Fuels and 50% to Machinery and retains the rest. Fuels sells 70% of its output to Chemicals and 20% to Machinery and retains the rest. Machinery sells 20% of its output to Chemicals and 40% to Fuels and retains the rest. Complete parts (a) through (c) below. ..... a. Construct the exchange table for this economy. Distribution of Output from: Chemicals Fuels Machinery Purchased by: Chemicals Fuels Machinery (Type integers or decimals.) 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. The first, second, and third columns of the matrix should correspond to Chemicals, Fuels, and Machinery, respectively. The augmented matrix is (Type an integer or decimal for each matrix element.) c. Find a set of equilibrium prices when the price…
- Consider an economy with three sectors, Chemicals & Metals, Fuels & Power, and Machinery. Chemicals sells 30% of its output to Fuels and 60% to Machinery and retains the rest. Fuels sells 70% of its output to Chemicals and 20% to Machinery and retains the rest. Machinery sells 40% of its output to Chemicals and 50% to Fuels and retains the rest. Complete parts (a) through (c) below. a. Construct the exchange table for this economy. Distribution of Output from: Fuels Chemicals Machinery Purchased by: Chemicals Fuels Machinery (Type integers or decimals.) 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. The first, second, and third columns of the matrix should correspond to Chemicals, Fuels, and Machinery, respectively. The augmented matrix is (Type an integer or decimal for each matrix element.) c. Find a set of equilibrium prices when the price for the…Consider an economy with three sectors, Chemicals & Metals, Fuels & Power, and Machinery. Chemicals sells 30% of its output to Fuels and 50% to Machinery and retains the rest. Fuels sells 80% of its output to Chemicals and 10% to Machinery and retains the rest. Machinery sells 40% to Chemicals and 40% to Fuels 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. Write the vector equation to represent the system. d. Write the matrix equation to represent the system. e. Find these prices as the solution of the system.The Lawson Fabric Mill Produces five different fabrics. Each fabric can be woven on one or more of the mill’s 36 looms. The sales department’s forecast of demand for the next month is shown in below Table 1, along with data on the selling price per yard, variable cost per yard, and purchase price per yard. The mill operates 24 hours a day and is scheduled for 30 days during the coming month. The mill has two types of looms: draw and regular. The draw looms are more versatile and can be used for all five fabrics. The regular looms can produce only three of the fabrics. The mill has a total of 36 looms: 8 are draw and 28 are regular. The rate of production for each fabric on each type of loom is given in below Table 2. The time required to change over from producing one fabric to another is negligible and does not have to be considered. The Lawson Fabric Mill satisfies all demand with either its own fabric or fabric purchased from another mill. Fabrics that cannot be woven at the…
- 22 The Sanders Garden Shop mixes two types of grass seed into a blend. Each type of grass has been rated (per pound) according to its shade tolerance, ability to stand up to traffic, and drought resistance, as shown in the table. Type A seed costs $1 and Type B seed costs $2. If the blend needs to score at least 300 points for shade tolerance, 400 points for traffic resistance, and 750 points for drought resistance, show all your calculations on paper , take a picture, convert to pdf, and upload.Upload your excel file if applicable. Type A Rating Type B Rating Shade Tolerance 1 1 Traffic Resistance 2 1 Drought Resistance 2 5 d. How many pounds of each seed should be in the blend? e. Which targets will be exceeded? f. How much will the blend cost? Please take a picture of all your hand writings and the detail of your work and upload here. Upload all your excel files showing your work here if you have not done so in the previousA company makes parts that cost $35.00 in material and labor. 92% of the parts are produced defect free and are sold for full price at $110 each. 2% of the parts made must be scrapped. Scrap parts are sold for $8.00 each. The remaining 6% of the parts made must be reworked at a cost of $12.00 each. After rework 1% still must be scrapped and the other 5% is sold at a discounted price of $90 each. a. Draw the tree diagram showing the quality cost situation. b. Determine the earnings per part. c. Determine the cost of poor quality (COPQ). d. Determine the earnings per part and COPQ if the rework operation was shut down and the parts that required reworking were just sold for scrap instead. Answers- B-70.22 c-4.78 d-66.84, 8.1622 The Sanders Garden Shop mixes two types of grass seed into a blend. Each type of grass has been rated (per pound) according to its shade tolerance, ability to stand up to traffic, and drought resistance, as shown in the table. Type A seed costs $1 and Type B seed costs $2. If the blend needs to score at least 300 points for shade tolerance, 400 points for traffic resistance, and 750 points for drought resistance, show all your calculations on paper , take a picture, convert to pdf, and upload.Upload your excel file if applicable. Type A Rating Type B Rating Shade Tolerance 1 1 Traffic Resistance 2 1 Drought Resistance 2 5 a. Identify decision variables and formulate mathematical statement of objective function based on decisions variables. b. Formulate the constraints in terms of the decision variables. c. Draw the graph with 3 constraint lines and the object line and annotate the graph to identify the optimum. d. How many pounds of…
