Solve the Problem. -Suppose the Following Matrix Represents the Input-Output Matrix, T, of Matrix

question 39

Multiple Choice

Solve the problem.
-Suppose the following matrix represents the input-output matrix, T, of a simplified economy. Find the amount of each commodity that should be produced.

• A)3360 units of manufacturing, 2796 units of agriculture, and 3012 units of transportation.
• B)2976 units of manufacturing, 3386.4 units of agriculture, and 2791.2 units of transportation.
• C)3012 units of manufacturing, 3360 units of agriculture, and 2791.2 units of transportation.
• D)3012 units of manufacturing, 2796 units of agriculture, and 2976 units of transportation.

Understand the role of equity concerns in economic policy arguments.

Recognize the characteristics of efficient markets.

Understand the defining characteristics of small businesses and their importance in the economy.

Identify the common reasons behind small business failures and strategies to mitigate these risks.

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Definitions:

Nasopharynx

The top segment of the pharynx that links to the nasal cavity above the soft palate.

Caudal Lobe

A term often relating to the posterior division of an organ, or in some contexts, a specific part of the lung in animals.

Right Lung

The right lung is the larger of the two lungs in the human body, divided into three lobes that participate in the process of respiration.