The economy of a small island nation is based on two sectors, coal and steel. Production of a dollar's worth of coal requires an input of $0.39 from coal and $0.44 from steel. Production of a dollar's worth of steel requires an input of $0.43 from coal and $0.28 from steel. Find the output from each sector that is needed to satisfy a final demand of $26 million for coal and $50 million for steel. The output from the coal sector is approximately $million. (Round to the nearest million)

The economy of a small island nation is based on two sectors, coal and steel. Production of a dollar's worth of coal requires an input of $0.39 from coal and $0.44 from steel. Production of a dollar's worth of steel requires an input of $0.43 from coal and $0.28 from steel. Find the output from each sector that is needed to satisfy a final demand of $26 million for coal and $50 million for steel. The output from the coal sector is approximately $million. (Round to the nearest million)

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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