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 $0.40 from agriculture and $0.41 from tourism. Production of a dollar's worth of tourism requires an input of $0.35 from agriculture and $0.24 from tourism. Find the output from each sector that is needed to satisfy a final demand of $34 million for agriculture and $66 million for tourism. The output from the agriculture sector is approximately $ 157 million. (Round to the nearest million.) The output from the tourism sector is approximately $ million. (Round to the nearest million.)

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 $0.40 from agriculture and $0.41 from tourism. Production of a dollar's worth of tourism requires an input of $0.35 from agriculture and $0.24 from tourism. Find the output from each sector that is needed to satisfy a final demand of $34 million for agriculture and $66 million for tourism. The output from the agriculture sector is approximately $ 157 million. (Round to the nearest million.) The output from the tourism sector is approximately $ million. (Round to the nearest million.)

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Description: 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 inputof $0.40 from agriculture and $0.41 from tourism. Production of a dollar's worth of tourism require

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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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 $0.40 from agriculture and $0.41 from tourism. Production of a dollar's worth of tourism requires an input of $0.35 from agriculture and $0.24 from
tourism. Find the output from each sector that is needed to satisfy a final demand of $34 million for agriculture and $66 million for tourism.
The output from the agriculture sector is approximately $ 157 million.
(Round to the nearest million.)
The output from the tourism sector is approximately
(Round to the nearest million.)
million.

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