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

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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