An economy consists of three sectors: coal, steel, and railroads. To produce one unit of coal requires
of a unit of coal, of a unit of steel, and of a unit of railroad services. To produce one unit of steel requires of a unit of coal, of a unit of steel, and of a unit of railroad services. To produce one unit of railroad services requires of a unit of coal, of a unit of steel, and of a unit of railroad services. Determine the production levels needed to satisfy an external demand for 300 units of coal, 200 units of steel, and 500 units of railroad services.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here