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11Alexandr11 [23.1K]
2 years ago
4

We assume that in a village there are farmers, carpenters, and tailors, who provide the three essential goods: food, housing, an

d clothing. Suppose the farmers consume 2/5 of the food (produced by farmers), 1/3 of the housing (produced by carpenters) and 1/2 of the clothes (produced by tailors). The carpenter consumes 2/5 of the food, 1/3 of the housing, and 1/2 of the clothes. The tailors consume 1/5 of the food, 1/3 of the housing, and no clothes. Assume this is a closed Leontief model.
If we know that the tailors produce 560 units of clothes, then the farmers produce ___________units of food, and the carpenters produce_________ units of housing.
Business
1 answer:
oksian1 [2.3K]2 years ago
5 0

Answer:

The farmers produce 746 units.

The carpenters produce 746 units.

Explanation:

Leontief model is a model of economics for whole country. It helps to understand the effects of increased production on the economy. In the given scenario the farmers, carpenters and tailor maintain a ratio in which they produce goods. The equilibrium condition will be Ap = p. The ratio of farmer, carpenter and tailor will be 4:4:3 to achieve the equilibrium. If the tailor produces 560 units then farmer will produce 560 * 4 /3 and carpenter will produce 560 *4/3.

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Answer:

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Explanation:

Result for the Month

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Modified Result for the Month.

Income statement BDGT REAL

Income Wages $ 1.000 $ 850

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b. When launching a new brand, we discussed in lecture that it is best to build the brand first with PR, and then sustain it wit
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It would have been better to let the PR run for a few months before launching the advertising. In turn, the ads could then focus on the success of the launch. (Nothing succeeds like success.)

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