Write the word or phrase that best completes each statement or answers thequestion.
-A simplified economy has only two industries, the electric company and the gas company. Each dollar's worth of the electric company's output requires 0.20 of its own output and 0.4 of the gas company's output. Each dollar's worth of the gas company's output requires 0.50 of its own output and 0.7 of the electric company's output. What should the production of electricity and gas be (in dollars) if there is a million demand for electricity and a million demand for gas?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q184: Write a system of equations and
Q185: Write a system of equations and use
Q186: Write a system of equations and
Q187: Solve the problem.
-Su ppose the following
Q188: Solve the problem.
-Suppose the following matrix
Q190: Write the word or phrase that
Q191: Write the word or phrase that best
Q192: Encode the following message:
Do not give
Q193: Encode the following message:
We will return
Q194: Decode the following message:
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents