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 $0.33 from agriculture and $0.48 from tourism. Production of a dollar's worth of tourism requires an input of $0.34 from agriculture and $0.29 from tourism. Find the output from each sector that is needed to satisfy a final demand of $50 million for agriculture and $33 million for tourism. The output from the agriculture 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 $0.33 from agriculture and $0.48 from tourism. Production of a dollar's worth of tourism requires an input of $0.34 from agriculture and $0.29 from tourism. Find the output from each sector that is needed to satisfy a final demand of $50 million for agriculture and $33 million for tourism. The output from the agriculture sector is approximately $| million. (Round to the nearest million.)

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Description: 6.7.1Question HelpThe 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$0.33 from agriculture and $0.48 from tourism. Production of a dollar's worth of

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 27EQ

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