Quote:Consider an open economy with three industries: coal-mining operation, electricity-generating plant and auto-manufacturing plant. To produce $1 of coal, the mining predation must purchase $0.1 of its town production, $0.30 of electricity and $0.1 worth of automobile for its transportation. To produce $1 of electricity, it takes $0.25 of coal, $0.4 of electricity and $0.15 of automobile. Finally, to produce $1 worth of automobile, the auto-manufacturing plant must purchase $0.2 of coal, $0.5 of electricity and consume $0.1 of automobile. Assume also that during a period of one week, the economy has an exterior demand of $50,000 worth of coal, $75,000 worth of electricity, and $1,25,000 worth of autos. Find the production level of each of the three industries in that period of one week in order to exactly satisfy both the internal and the external demands.
I really could use some assistance on this........ Nevermind, all done, I suppose.....
(05-28-2015, 03:52 AM)Surge Wrote: [ -> ]MEANWHILE IN A RANDOM ART STREAM SOMEWHERE ON THE WEB.
Segolia: the worst thing is when your real name is patrick
Segolia: all the spongebob jokes
MonoDragon: That will never change.
sploggin: im so sorry segolia
(05-28-2015, 03:52 AM)Surge Wrote: [ -> ]MEANWHILE IN A RANDOM ART STREAM SOMEWHERE ON THE WEB.
Segolia: the worst thing is when your real name is patrick
Segolia: all the spongebob jokes
MonoDragon: That will never change.
sploggin: im so sorry segolia
TIL
My middle name is Patrick.
Do middle names count for much though? I mean you never really use them for anything or tell people often.
Hell I got stuck with two because of some nonsense, they seem pretty arbitrary.