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 $0.25 from agriculture and $0.41 from tourism. Production of a dollar's worth of tourism requires an input of $0.50 from agriculture and $0.31 from tourism. Find the output from each sector that is needed to satisfy a final demand of $45 million for agriculture and $59 million for tourism.

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 $0.25 from agriculture and $0.41 from tourism. Production of a dollar's worth of tourism requires an input of $0.50 from agriculture and $0.31 from tourism. Find the output from each sector that is needed to satisfy a final demand of $45 million for agriculture and $59 million for tourism.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter6: Linear Systems

Section6.8: Linear Programming

Problem 5SC: If during the following year it is predicted that each comedy skit will generate 30 thousand and...

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