Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a primitive economy consists of a fishing industry

A primitive economy consists of a fishing industry and an oil industry. A unit of...

60.1K

Verified Solution

Question

Accounting

image

A primitive economy consists of a fishing industry and an oil industry. A unit of tishing industry output requires 0.30 unit of fishing industry input and 0.35 unit of oil industry input. A unit of oil industry output requires inputs of 0.04 unit of fishing products and 0.10 unit of oil products. (a) Write the technology matrix for this primitive economy. Fishing Oil Fishing Oil (b) If surpluses of 40 units of fishing products and 2180 units of oil products are desired, find the gross production of each industry. fishing units oil units

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How can I know when I should use line graph, histogram, and steam-leaves? Is that gonna be...

Basic Math
Q

Which sentence does not correctly use a possessive pronoun A I d rather take mine...

Basic Math
Q

Given the returns risk and correlation Portfolio S Portfolio B Risk free 0 8104 0...

Basic Math
Q

A Mississippi riverboat can travel 60 kilometers downstream in three hours and can make the...

Basic Math
Q

A simple model for the flow of air in and out of the lungs of...

Calculus
Q

Factor the expression completely or state that the polynomial is prime.4x - 4xSelect the correct...

Algebra
Q

3 Find the period of each curve then write an equation for each sine functic...

Algebra
Q

Current Attempt in Progress Lagasse Corporation's computation of cost of goods sold is:...

Accounting
Q

Question 15 of 35 . In most situations, a small business should keep their business...

Accounting
Q

In 100 - 150 words please explain, Why would businesses choose to combine? Identify a...

Accounting
Q

Flounder Magazine sold 7,500 annual subscriptions on August 1,2023, for $24 each. Prepare...

Accounting
Q

60 gnlk LIBOR iin X=%6,06 ve 341.416$ nominal tutar ile vadesi 45 gn iinde olan...

Finance