Consider the following unit input requirements: Good Hours of Labor Needed to Make one Unit Machines Needed to Make one Unit Services 1 0 High Tech 1 2 Food 2 1 Clothing 3 1 The world prices of the
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Consider the following unit input requirements:
Good
Hours of Labor Needed to Make one Unit
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Order Paper NowMachines Needed to Make one Unit
Services
1
0
High Tech
1
2
Food
2
1
Clothing
3
1
The world prices of the goods are: services sell for 10; high tech sells for 12; food sells for 21; and clothing sells for 31. The world price of services goes up by 0.74. By how much does the rentals rate change? Write a negative number, and use three decimal places. Hint: the food sector and the clothing sector will shut down. Give your answer to three decimal places.
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