1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
OlgaM077 [116]
3 years ago
12

An economy has three sectors producing products:

Business
1 answer:
gayaneshka [121]3 years ago
8 0

Answer:

total number of products to be produced to satisfy external demands are:

product 1 : 157.8 units

product 2 : 153 units

product 3 : 174.4 units

Explanation:

What is question is essentially looking for is for you to add the total units of producing each product to the external demand to get the total production units that will not affect external demand. Let us start by outlining the products and requirements clearly.

for 1 unit for products

                             product unit required for 1 unit

products               1                2             3

product 1.            0.20           0.15      0.10

product 2.           0.14            0.05     0.12

product 3.           0.14            0.08

If the amounts shown above are for the production of 1 unit each of the products 1, 2 and 3, therefor, to calculate the individual units required in production of total demand units, we will multiply the amounts required for the production of 1 unit by the number of demand units. hence:

                                          product unit required for external demand units

product units                                  1                              2                            3

100 units of product 1            0.20×100                 0.15×100             0.10×100

120 units of product 2            0.14×120                  0.05×120            0.12×120

150 units of product 3            0.14×150                  0.08×150

after the multiplication the unit required in the production are:

                                           product unit required for external demand units

product units                         product 1                 product 2          product 3

100 units of product 1                   20                           15                           10

120 units of product 2                  16.8                          6                            14.4

150 units of product 3                  21                             12

Next, let us add the individual units required for the production of external demand units:

product 1 : 20+16.8+21 = 57.8

Product 2 : 15+6+12 = 33

product 3 : 10 + 14.4 = 24.4

Finally Let us add the total units required in production to the total external demand units to get the total units to be produced that will not affect external demand:

product 1 : 100 + 57.8 = 157.8 units

product 2 : 120 + 33 = 153 units

product 3 : 150 + 24.4 = 174.4 units

When these extra units above demand units are produced, they will make up for the amount of units consumed during production.

     

You might be interested in
Education and healthcare are two examples of​ _________ in international business.
andreev551 [17]
They are both examples of infrastructure in international business.
3 0
2 years ago
Geert Hofstede defines _____ as that component of our mental programming which we share with more of our compatriots as opposed
mylen [45]

Answer:

National Culture.

Explanation:

National Culture can be understood as a belief, customs, and traditions that are shared among the people of a sovereign nation. This may also include religious backgrounds and traditions, language and racial identity of the individuals. According to Geert Hofstede, National culture is very important while dealing with various cultural issues and processes. Therefore, he has identified national culture as the component of our mental programming, which we share with other citizens around the world. National culture acts as an identity proof as per one's nationality.

5 0
3 years ago
Dummitt, Inc. anticipates sales of 70,000 units, 68,000 units, and 71,000 units in July, August, and September, respectively. Co
siniylev [52]

Answer:

the number of units produced in August is 68,900 units

Explanation:

The computation of the number of units produced in August is presented below:

Sales 68,000 units

Add: ending inventory (71,000 units × 30%) 21,300 units

Less: beginning inventory (68,000 units × 30%) -20,400 units

Production in August 68,900 units

Hence, the number of units produced in August is 68,900 units

The same format should be used  

8 0
2 years ago
Inc. (WFI). After liquidating its remaining inventory and paying off its remaining liabilities, WFI had the following tax accoun
Montano1993 [528]

Answer:

On the transfer of the building,

Appreciation of building = FMV - Adjusted Basis

                                        = $50,000 - $10,000

                                        = $40,000

WFI has taxable transaction and gain recognition of $40,000.

On the transfer of the land,

Appreciation of land = FMV - Adjusted Basis

                                  = $150,000 - $90,000

                                  = $60,000

WFI has taxable transaction and gain recognition of $60,000.

5 0
3 years ago
Suppose that demand decreases and supply decreases. What would you expect to occur in the market for the good? a. Equilibrium pr
Nikitich [7]

Answer:

c. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous.

Explanation:

When the demand decreases along with the decrease in supply, obviously the equilibrium quantity will also decrease, to match the level of supply and demand.

But the price cannot be fairly estimated as because the supply is decreased the prices shall increase for equilibrium but as the demand has also decreased the prices shall decrease in order to match the equilibrium.

Thus, the price is ambiguous but definitely the quantity shall stand decreased for equilibrium.

4 0
3 years ago
Other questions:
  • Robin works for a small firm with only enough money budgeted to use one test to help with hiring decisions. What kind of test wo
    9·1 answer
  • The idea of supply and demand is based on the development of (Economics)
    5·2 answers
  • George has been working as a laborer at a construction company for five years. He is very diligent on the job and has never been
    13·1 answer
  • In the fiscal year 2015–2016, Nescarto, an African country, imported goods worth $18 million and exported goods worth $20 millio
    11·1 answer
  • In recent years debit cards have become popular. Debit cards allow the holder of the card to pay a merchant for gods and service
    15·1 answer
  • Spears Co. had net sales of $35,400 million. Its average total assets for the period were $14,700 million. Spears' total asset t
    6·2 answers
  • Dear Mr. Sanchez:
    8·1 answer
  • If product costs are misclassified as selling costs, the average cost per unit will be understated.a. Trueb. False
    6·1 answer
  • Who is primarily responsible for determining the market value of the home you want to buy?
    12·1 answer
  • Indifference curves are A. concave to the origin. B. either convex or concave to the origin. C. convex to the origin. D. no spec
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!