×
Get Full Access to Linear Algebra And Its Applications - 4 Edition - Chapter 1.6 - Problem 2e
Get Full Access to Linear Algebra And Its Applications - 4 Edition - Chapter 1.6 - Problem 2e

×

# Find another set of equilibrium prices for the economy in ISBN: 9780321385178 62

## Solution for problem 2E Chapter 1.6

Linear Algebra and Its Applications | 4th Edition

• Textbook Solutions
• 2901 Step-by-step solutions solved by professors and subject experts
• Get 24/7 help from StudySoup virtual teaching assistants Linear Algebra and Its Applications | 4th Edition

4 5 1 409 Reviews
26
4
Problem 2E

Find another set of equilibrium prices for the economy in Example 1. Suppose the same economy used Japanese yen instead of dollars to measure the values of the various sectors’ outputs. Would this change the problem in any way? Discuss.Example 1:Suppose an economy consists of the Coal, Electric (power), and Steel sectors, and the output of each sector is distributed among the various sectors as shown in Table 1 on page 50, where the entries in a column represent the fractional parts of a sector’s total output. The second column of Table 1, for instance, says that the total output of the Electric sector is divided as follows: 40% to Coal, 50% to Steel, and the remaining 10% to Electric. (Electric treats this 10% as an expense it incurs in order to operate its business.) Since all output must be taken into account, the decimal fractions in each column must sum to 1.Denote the prices (i.e., dollar values) of the total annual outputs of the Coal, Electric, and Steel sectors by pC, pE, and pS, respectively. If possible, find equilibrium prices that make each sector’s income match its expenditures.TABLE 1 A Simple Economy_______________________________________Distribution of Output from:CoalElectricSteelPurchased by:.0.4.6 Coal.6.1.2Electric.4.5.2Steel

Step-by-Step Solution:
Step 1 of 3

Chapter 18: The Heart – Cardiac Output (Continued)  Aspects of EKG Key  P – Q Interval: beginning of Atria Overall Segments Depolarization to the beginning Sub-segments Ventricular Depolarization Types of Waves  Q – T Interval: beginning of In-between Wave Ventricular Depolarization to the Intervals end of Ventricular Repolarization o S – T Segment: Prolonged depolarization = Plateau Phase  Within the Q – T interval  Sequence of EKG P Wave o Atria depolarization o Initiated by SA Node (sinoa

Step 2 of 3

Step 3 of 3

##### ISBN: 9780321385178

The answer to “Find another set of equilibrium prices for the economy in Example 1. Suppose the same economy used Japanese yen instead of dollars to measure the values of the various sectors’ outputs. Would this change the problem in any way? Discuss.Example 1:Suppose an economy consists of the Coal, Electric (power), and Steel sectors, and the output of each sector is distributed among the various sectors as shown in Table 1 on page 50, where the entries in a column represent the fractional parts of a sector’s total output. The second column of Table 1, for instance, says that the total output of the Electric sector is divided as follows: 40% to Coal, 50% to Steel, and the remaining 10% to Electric. (Electric treats this 10% as an expense it incurs in order to operate its business.) Since all output must be taken into account, the decimal fractions in each column must sum to 1.Denote the prices (i.e., dollar values) of the total annual outputs of the Coal, Electric, and Steel sectors by pC, pE, and pS, respectively. If possible, find equilibrium prices that make each sector’s income match its expenditures.TABLE 1 A Simple Economy_______________________________________Distribution of Output from:CoalElectricSteelPurchased by:.0.4.6 Coal.6.1.2Electric.4.5.2Steel” is broken down into a number of easy to follow steps, and 198 words. Since the solution to 2E from 1.6 chapter was answered, more than 403 students have viewed the full step-by-step answer. Linear Algebra and Its Applications was written by and is associated to the ISBN: 9780321385178. This full solution covers the following key subjects: electric, coal, output, steel, sector. This expansive textbook survival guide covers 65 chapters, and 1915 solutions. The full step-by-step solution to problem: 2E from chapter: 1.6 was answered by , our top Math solution expert on 08/10/17, 10:08AM. This textbook survival guide was created for the textbook: Linear Algebra and Its Applications, edition: 4.

Unlock Textbook Solution