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

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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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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