Determine the Production Vector X That Will Satisfy Demand in an Economy

question 36

Multiple Choice

Determine the production vector x that will satisfy demand in an economy with the given consumption matrix C and
final demand vector d. Round production levels to the nearest whole number.
- $$\mathrm { C } = \left[ \begin{array} { l l } .4 & .3 \\.1 & .6\end{array} \right] , \mathrm { d } = \left[ \begin{array} { l } 52 \\74\end{array} \right]$$

• A) \(x = \left[ \begin{array} { r } 43 \\ 4 \end{array} \right]\)
• B) \(x = \left[ \begin{array} { r } 4 \\ 24 \end{array} \right]\)
• C) \(x = \left[ \begin{array} { l } 205 \\ 236 \end{array} \right]\)
• D) \(\mathbf { x } = \left[ \begin{array} { l } 43 \\ 50 \end{array} \right]\)

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Definitions:

Strike

Temporary work stoppage by employees until a dispute is settled or a contract signed.

Lockout

Management decision to put pressure on union members by closing the firm.

Boycott

Effort to prevent people from purchasing a firm’s goods or services.

Mediator

A neutral third party who facilitates negotiation and conflict resolution between disputing parties.