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) \(\mathbf { x } = \left[ \begin{array} { l } 43 \\ 50 \end{array} \right]\)

---

Definitions:

Total Profit

The total financial gain generated from a business activity after subtracting all expenses and costs associated with producing and selling goods or services.

Break-Even Point

The financial point at which the costs of producing and selling a product equal the revenue made from selling the product, resulting in neither profit nor loss.

Market Supply

The total amount of a specific good or service that is available to consumers in a market at all possible prices.

Industry

A group of companies or businesses that produce the same products or services and are involved in the same type of economic activity.