Problem. 9: A simple economy consists of two industries, services and manufacturing. The production of 1 unit of services requires the consumption of 0.2 units of services and 0.3 units of manufacturing products. The production of 1 unit of manufacturing products requires the consumption of 0.4 units of services and 0.3 units of manufacturing products. (a) Find the total output of goods needed to satisfy a consumer demand of $ 140 million worth of services and $ 150 million worth of manufacturing products. (Round your answers to two decimal places.) services ? million manufacturing products ? million (b) Find the value of goods consumed in the internal process of production in order to meet the demand. (Round your answers to two decimal places.) services ? million manufacturing products ? million %24

Problem. 9: A simple economy consists of two industries, services and manufacturing. The production of 1 unit of services requires the consumption of 0.2 units of services and 0.3 units of manufacturing products. The production of 1 unit of manufacturing products requires the consumption of 0.4 units of services and 0.3 units of manufacturing products. (a) Find the total output of goods needed to satisfy a consumer demand of $ 140 million worth of services and $ 150 million worth of manufacturing products. (Round your answers to two decimal places.) services ? million manufacturing products ? million (b) Find the value of goods consumed in the internal process of production in order to meet the demand. (Round your answers to two decimal places.) services ? million manufacturing products ? million %24

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter12: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 12.4E

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Question

Problem. 9: A simple economy consists of two industries, services and manufacturing.
The production of 1 unit of services requires the consumption of 0.2 units of services and
0.3 units of manufacturing products. The production of 1 unit of manufacturing products
requires the consumption of 0.4 units of services and 0.3 units of manufacturing products.
(a) Find the total output of goods needed to satisfy a consumer demand of $ 140 million
worth of services and $ 150 million worth of manufacturing products. (Round your
answers to two decimal places.)
services
? million
manufacturing products
$
? million
(b) Find the value of goods consumed in the internal process of production in order to
meet the demand. (Round your answers to two decimal places.)
services
? million
manufacturing products
? million
%24
%24
24

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