The economy of a small island nation is based on two sectors, agriculture and tourism. Production of a dollar's worth of agriculture requires an input of $0.39 from agriculture and $0.44 from tourism. Production of a dollar's worth of tourism requires an input of $0.43 from agriculture and $0.28 from tourism. Find the output from each sector that is needed to satisfy a final demand of $49 million for agriculture and $39 million for tourism. The output from the agriculture sector is approximately $ ... million. (Do not round until the final answer. Then round to the nearest million as needed.)
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- This exercise requires the use of technology. Four sectors of the U.S. economy are (1) livestock and livestock products, (2) other agricultural products, (3) forestry and fishery products, and (4) agricultural, forestry, and fishery services. Suppose that in 1977 the input-output table involving these four sectors was as follows (all figures are in millions of dollars). Determine how these four sectors would react to an increase in demand for livestock (Sector 1) of $2,500 million, how they would react to an increase in demand for other agricultural products (Sector 2) of $2,500 million, and so on. (Round your answers to two decimal places. Let the columns of the matrix be given in millions of dollars.) Need Help? Submit Answer From To 1 Practice It 1 11,937 2 26,649 3 4 Total Output 0 2 9 4,285 0 3 109 20 855 0 4,744 61 439 4 |: 5,423 10,952 3,002 216 97,795 120,594 14,642 47,473A farmer in Vietnam has 240,000 square metres (m2) of land on which he grows maize, barley, potatoes, and wheat. He is planning his production for the next growing season. The following information is provided relating to the anticipated demand and productive capacity for the next season: Contribution per tonne of output in dollars m² required per tonne of output Estimated sales demand (tonnes) Required area to meet sales demand (m²) Maize $160 80 3000 240 000 Potatoes (ii). Calculate the total contribution based on the mix of crops. $112 32 3000 96 000 Barley $96 24 3000 72 000 Wheat $80 16 3000 48 000 It is not possible in the short run to increase the area of land beyond 240,000m2 for growing the above crops. Required: (i). Advise on the mix of crops that should be produced during the period ABorder Supply Company is considering opening a plant in Vietnam, The company anticipates gross prafit of $3,500,000 from this new plant. It will cost $2,000,000 to set up the plant and $800,000 to train employees. An additional $160,000 will be spent to build relationships with the local suppliers. Do the benefits outweigh the costs or do the costs outweigh the benefits, and by how much? O Benefits outweigh costs by $540,000. O Costs outweigh benefits by $540,000. O Benefits outweigh costs by $700,000. O Costs outweigh benefits by $700,000.
- Corn is an essential commodity in a small Central American country and the government intends to impose a tax on rich consumers in order to subsidize the consumption by the poor. The demands of these two groups are defined by P = 105 - qr and P = 50 - qp, respectively. The supply curve is infinitely elastic at P = 20. a. If the government wants to give a subsidy S = 10 for each unit sold to the poor, how much would the government have to spend? 100 400 300 600 None of the optionsThe Department of Defense uses an area cost factor (ACF) to compensate for variations in construction costs in different parts of the country and world. If a cold storage warehouse cost $1,150,000 in Rapid City, South Dakota, where the ACF is 0.95, and the cost of a similar facility built in Andros Island, The Bahamas, is $2,500,000, what is the ACF for Andros Island? The ACF for Andros Island is6. Fabulous Fabricators needs to decide how to allocate space in its production facility this year. It is considering the following contracts: a. What are the profitability indexes of the projects? b. What should Fabulous Fabricators do? **round to two decimal places**
- Hyundai is considering opening a plant in two neighboring states. Option 1: One state has a corporate tax rate of 10 percent. If operated in this state, the plant is expected to generate $1,250,000 pretax profit. Option 2: The other state has a corporate tax rate of 2 percent. If operated in this state, the plant is expected to generate $1,180,000 of pretax profit. a. What is the after state taxes profit in the state with the 10% tax rate? After state taxes profit b. What is the after state taxes profit in the state with the 2% tax rate? After state taxes profitGlobal Reach, Inc., is considering opening a new warehouse to serve the Southwest region. Darnell Moore, controller for Global Reach, has been reading about the advantages of foreign trade zones. He wonders if locating in one would be of benefit to his company, which imports about 90 percent of its merchandise (e.g., chess sets from the Philippines, jewelry from Thailand, pottery from Mexico, etc.). Darnell estimates that the new warehouse will store imported merchandise costing about 16.78 million per year. Inventory shrinkage at the warehouse (due to breakage and mishandling) is about 8 percent of the total. The average tariff rate on these imports is 5.5 percent. Required: 1. If Global Reach locates the warehouse in a foreign trade zone, how much will be saved in tariffs? Why? (Round your answer to the nearest dollar.) 2. Suppose that, on average, the merchandise stays in a Global Reach warehouse for nine months before shipment to retailers. Carrying cost for Global Reach is 6 percent per year. If Global Reach locates the warehouse in a foreign trade zone, how much will be saved in carrying costs? What will the total tariff-related savings be? (Round your answers to the nearest dollar.) 3. Suppose that the shifting economic situation leads to a new tariff rate of 13 percent, and a new carrying cost of 6.5 percent per year. To combat these increases, Global Reach has instituted a total quality program emphasizing reducing shrinkage. The new shrinkage rate is 7 percent. Given this new information, if Global Reach locates the warehouse in a foreign trade zone, how much will be saved in carrying costs? What will the total tariff-related savings be? (Round your answers to the nearest dollar.)Our agriculture industry is incredibly important since it provides our food. Unfortunately, some of the practices currently being used in the industry are not very sustainable from an environmental perspective. As our population grows, and so does our food demand, it is becoming increasingly important that we manage this industry in a sustainable way. Assume a local farmer normally brings in crop revenues of $100,000/year. Erosion causes a 1% loss in yield each year. How does the discount rate affect the farmer's decision of whether or not to utilize erosion control methods?
- Matthews Produce harvests and sells Florida oranges. Matthews has hired you to determine its returnon investment (ROI) based on both net book value (NBV) and gross book value (GBV). Financialdata for the company show that profits are $2 million, the NBV of operating assets is $10 million,and the GBV of these assets is $40 million. What is ROI based on NBV and based on GBV?Suppose that Kittle Co. is a U.S. based MNC that is considering setting up a subsidiary in Singapore. Kittle would like this subsidiary to produce and sell guitars locally in Singapore, and needs assistance with capital budgeting. The duration of this project is four years, with an initial investment of S$20,000,000 (Singapore dollars). Kittle Co. managers have also provided you with forecasted expense data, including variable cost per unit, total variable cost, annual lease expense, depreciation, as well as other fixed annual overhead expense, over the next four years. The following table shows the forecasted expense data along side the previous forecasts provided by Kittle management. Complete row 9 of the table, filling in the total expense for the project for each of the 4 years. 1. Demand 2. Price per Unit 3. Total Revenue 4. Variable Cost Per Unit 5. Total Variable Cost 6. Annual Lease Expense 7. Other Fixed Annual Expense 8. Noncash Expense (Depreciation) 9. Total Expense Year 0…Ariel Company for the manufacture of cotton clothes in Turkey sells 40% of its production in Turkey and sells 10% of its production in Arab countries, and 20% in European countries. The company is studying to find new markets for its products. The administration aims to bring its sales in Europe to 40%. In order to achieve this goal, it will have to invest heavily. In recent years, therefore, the company decided to build a new facility. The desired new location should be either in Jordan or Tunisia. The following are the data for the estimates related to each location. Jordan Tunis Initial investment $4,000,000 s3.000.000 Estimated useful life 10 years 10 years Annual cash inflows $1.300,000 5900,000 Annual cash outflows S600,000 $350,000 Annual revenues (accrual) s800,000 $600,000 Annual expenses (accrual) $400,000 $360,000 Estimated salvage value $600,000 Discount rate 12% 125 Instructions: (aCalculate the cash payback period for each alternative. (b) Calculate the net present value…