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1 - A large energy company produces electricity, natural gas, and oil. The production of a dollar's worth of electricity requires inputs of $0.35 from
1 - A large energy company produces electricity, natural gas, and oil. The production of a dollar's worth of electricity requires inputs of $0.35 from electricity, $0.15 from natural gas, and $0.25 from oil. Production of a dollar's worth of natural gas requires inputs of $0.35 from electricity, $0.15 from natural gas, and $0.20 from oil. Production of a dollar's worth of oil requires inputs of $0.10 from each sector. Find the output for each sector that is needed to satisfy a final demand of $25 billion for electricity, $15 billion for natural gas, and $20 billion for oil. Output(billion dollars): E=65, NG=54, O=32 Output(billion dollars): E=60, NG=53, O=33 Output(billion dollars): E=64, NG=52.3, O=35 Output(billion dollars): E=60, NG=55, O=30 d)
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