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Suppose that in a certain local economy we have gasoline and electricity industries. To produce one dollar in output, each industry needs the following input The gasoline industry requires $0.1 from itself and $0.2 from electricity. • The electricity industry requires $0.3 from gasoline and $0.1 from itself. Suppose further that total production capacity of gasoline is $600 and of electricity is $800. Find the external demand which can be met. Write the exact answer. Do not round. Answer from gasoline from electricity m Tables Keypa Keyboard Shortc

Suppose that in a certain local economy we have gasoline and electricity industries. To produce one dollar in output, each industry needs the following input The gasoline industry requires $0.1 from itself and $0.2 from electricity. • The electricity industry requires $0.3 from gasoline and $0.1 from itself. Suppose further that total production capacity of gasoline is $600 and of electricity is $800. Find the external demand which can be met. Write the exact answer. Do not round. Answer from gasoline from electricity m Tables Keypa Keyboard Shortc

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 24EQ: Suppose the coal and steel industries form a closed economy. Every $1 produced by the coal industry...
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Suppose that in a certain local economy we have gasoline and electricity industries. To produce one dollar in output, each industry needs the following input: The gasoline industry requires $0.1 from itself and $0.2 from electricity. • The electricity industry requires $0.3 from gasoline and $0.1 from itself. Suppose further that total production capacity of gasoline is $600 and of electricity is $800. Find the external demand which can be met. Write the exact answer. Do not round. Answer from gasoline from electricity m Tables Keypac Keyboard Shortcu
Transcribed Image Text:Suppose that in a certain local economy we have gasoline and electricity industries. To produce one dollar in output, each industry needs the following input: The gasoline industry requires $0.1 from itself and $0.2 from electricity. • The electricity industry requires $0.3 from gasoline and $0.1 from itself. Suppose further that total production capacity of gasoline is $600 and of electricity is $800. Find the external demand which can be met. Write the exact answer. Do not round. Answer from gasoline from electricity m Tables Keypac Keyboard Shortcu
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