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4. (7) The Caramban economy has two industries: bananas and coconut oil. Let each $1 in bananas require 50 cents in bananas and 40 cents

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4. (7) The Caramban economy has two industries: bananas and coconut oil. Let each $1 in bananas require 50 cents in bananas and 40 cents in oil while $1 in coconut oil requires 60 cents in bananas and 50 cents on oil. The outside demand is $200 in bananas and $300 in oil. (a) Find the total output each industry must produce to meet all demands. (b) Is each industry profitable? Why or why not? (c) What is the internal demand? (d) Is the economy productive? Why or why not? 4. (7) The Caramban economy has two industries: bananas and coconut oil. Let each $1 in bananas require 50 cents in bananas and 40 cents in oil while $1 in coconut oil requires 60 cents in bananas and 50 cents on oil. The outside demand is $200 in bananas and $300 in oil. (a) Find the total output each industry must produce to meet all demands. (b) Is each industry profitable? Why or why not? (c) What is the internal demand? (d) Is the economy productive? Why or why not

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