The Following Technology Matrix for a Simple Economy Describes the Relationship

question 72

Multiple Choice

The following technology matrix for a simple economy describes the relationship of certain industries to each other in the production of 1 unit of product. ​ ​
How many units of utilities are required to produce 30 units of agricultural products?
​

• A)3
• B)6
• C)9.3
• D)12
• E)3.6

---

Definitions:

Forward Buying

A procurement strategy where a company purchases goods in advance to take advantage of favorable pricing or to hedge against future price increases and supply shortages.

Peak Period

Peak period denotes the time of highest demand in a cycle, where operations face maximum stress due to increased consumer activity.

Demand Pattern

The trend or repetitive sequence observed in consumer demand over a certain period, which can be predictable or may vary seasonally, cyclically, or irregularly.

Product Margin

A financial metric that calculates the difference between the sales revenue generated by a product and the costs associated with its production.