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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 $0.33 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 $41 million for agriculture and $45 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 of $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 $41 million for agriculture and $45 million for tourism. The output from the agriculture sector is approximately $ million. (Round to the nearest million.)

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Systems Of Equations And Inequalities
Section6.5: Systems Of Inequalities
Problem 9ECP
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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 $0.33 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 $41 million for agriculture and $45 million for tourism. The output from the agriculture sector is approximately $ million. (Round to the nearest million.)
Transcribed Image Text: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 $0.33 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 $41 million for agriculture and $45 million for tourism. The output from the agriculture sector is approximately $ million. (Round to the nearest million.)
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