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Set-B TIME: 40 Minutes Class Test MM: 10 Solve Any One

This document provides two practice questions for a class test. Question 1 provides a technology matrix for a two sector economy and asks the student to write the input-output table and determine if the solution is feasible given the total available labor. Question 2 gives the ingredient requirements and costs to produce two drugs, A and B, and asks the student to use the simplex method to estimate the most profitable quantities to produce.

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Rohit Shrivastav
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162 views1 page

Set-B TIME: 40 Minutes Class Test MM: 10 Solve Any One

This document provides two practice questions for a class test. Question 1 provides a technology matrix for a two sector economy and asks the student to write the input-output table and determine if the solution is feasible given the total available labor. Question 2 gives the ingredient requirements and costs to produce two drugs, A and B, and asks the student to use the simplex method to estimate the most profitable quantities to produce.

Uploaded by

Rohit Shrivastav
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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SET-B

TIME: 40 Minutes CLASS TEST MM: 10


SOLVE ANY ONE
Q1) The following gives technology matrix for a two sector economy:

Sector I Sector II
Sector I 0.5 0.3
Sector II 0.3 0.2
Labour 0.5 0.4

Final demands for the two sectors are 15 and 20 respectively. Write down the input-output table for the economy. If
the total labour available is 20 units, is the solution feasible?

Q2) A Pharmaceutical company produces two popular drugs A and B which are sold at the rate of Rs. 9.60 and Rs.
7.80 respectively. The main ingredients are X, Y and Z and they required in the following proportions:

Drugs X Y Z
A 50% 30% 20%
B 30% 30% 40%
The total available quantities (gms) of different ingredients are 1600 in X, 1400 in Y and 1200 in Z. The costs of X,
Y and Z per gm are Rs. 8, Rs. 6 and Rs. 4 respectively. Estimate the most profitable quantities of A and B to
produce, using simplex method.

SET-B
TIME: 40 Minutes CLASS TEST MM: 10
SOLVE ANY ONE
Q1) The following gives technology matrix for a two sector economy:

Sector I Sector II
Sector I 0.5 0.3
Sector II 0.3 0.2
Labour 0.5 0.4

Final demands for the two sectors are 15 and 20 respectively. Write down the input-output table for the economy. If
the total labour available is 20 units, is the solution feasible?

Q2) A Pharmaceutical company produces two popular drugs A and B which are sold at the rate of Rs. 9.60 and Rs.
7.80 respectively. The main ingredients are X, Y and Z and they required in the following proportions:

Drugs X Y Z
A 50% 30% 20%
B 30% 30% 40%
The total available quantities (gms) of different ingredients are 1600 in X, 1400 in Y and 1200 in Z. The costs of X,
Y and Z per gm are Rs. 8, Rs. 6 and Rs. 4 respectively. Estimate the most profitable quantities of A and B to
produce, using simplex method.

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