Question
The economy of a small island nation is based on twosectors, coal and steel. Production of adollar's worth of coal requires an input of $0.35
The economy of a small island nation is based on twosectors, coal and steel. Production of adollar's worth of coal requires an input of $0.35 from coal and $0.40 from steel. Production of adollar's worth of steel requires an input of $0.43 from coal and $0.12 from steel. Find the output from each sector that is needed to satisfy a final demand of $42 million for coal and $41 million for steel.
The output from the coal sector is approximately $____million.
(Round to the nearestmillion.)
The output from the steel sector is approximately $_____million.
(Round to the nearestmillion.)
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