The technological matrix for a three industry input- output model is;

A= (■(0.5&0&0.2@0.2&0.8&0.12@1&0.4&0))

If the non-industry demand for the input of these industries is d1 = $5million, d2 = $3million and d3 = $4million. Determine the equilibrium output levels for the three industries The function describing marginal profit from producing and selling a product is MP = -3X + 500Where X equals the number of units and MP is the marginal profit measured in dollars when X = 200 units are produced and sold total profit equals $15,000. Determine the total profit function.

asked by guest
on Nov 20, 2024 at 6:14 am



Mathbot Says...

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