A simple economy consists of two industries: agriculture and manifacturing. The production of 1 unit of agricultural products requires the consumption of 0.3 units of agricultural products and 0.35 units of manufactured goods. The production of 1 unit of manufactured goods requires the consumption of 0.15 units of agricultural products and 0.25 units of manufactured goods. Find the gross output of goods needed to satisfy a consumer demand for 110 million dollars worth of agricultural products and 90 million dollars worth of manufactured products. million dollars worth of agricultural products, and million dollars worth of manufactured products. Note: You can earn partial credit on this problem.

A simple economy consists of two industries: agriculture and manifacturing. The production of 1 unit of agricultural products requires the consumption of 0.3 units of agricultural products and 0.35 units of manufactured goods. The production of 1 unit of manufactured goods requires the consumption of 0.15 units of agricultural products and 0.25 units of manufactured goods. Find the gross output of goods needed to satisfy a consumer demand for 110 million dollars worth of agricultural products and 90 million dollars worth of manufactured products. million dollars worth of agricultural products, and million dollars worth of manufactured products. Note: You can earn partial credit on this problem.

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Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Question

A simple economy consists of two industries: agriculture and manifacturing. The production of 1 unit of agricultural
products requires the consumption of 0.3 units of agricultural products and 0.35 units of manufactured goods. The
production of 1 unit of manufactured goods requires the consumption of 0.15 units of agricultural products and 0.25
units of manufactured goods.
Find the gross output of goods needed to satisfy a consumer demand for 110 million dollars worth of agricultural
products and 90 million dollars worth of manufactured products.
million dollars worth of agricultural products, and
million dollars worth of manufactured products.
Note: You can earn partial credit on this problem.

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