Suppose That a Simple Economy Consists of Three Sectors: Agriculture

question 108

Essay

Suppose that a simple economy consists of three sectors: agriculture (A),manufacturing (M),and transportation (T).Economists have determined that to produce one unit of A requires
units of A,
units of B,and
units of T,while production of one unit of M requires
units of A,
units of M,and
units of T,and production of one unit of T requires
units of A,
units of M,and
units of T.There is an external demand for 20 units of A,40 units of M,and 10 units of T.Determine the production levels necessary to meet the external demand.

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Definitions:

Primary Growth

The increase in length of the shoot and the root that occurs in plants due to cell division in the apical meristems.

Arabidopsis

A model organism in plant genetics and molecular biology, known scientifically as Arabidopsis thaliana, used for studying the mechanisms of genetics, development, and physiology.

Primary Root

The initial root that develops from a germinating seed, giving rise to the root system of a plant.

Hemicellulose

A polysaccharide found in plant cell walls alongside cellulose, providing structural support.