Problem. 9: A simple economy consists of two industries, services and manufacturing. The production of 1 unit of services requires the consumption of 0.2 units of services and 0.3 units of manufacturing products. The production of 1 unit of manufacturing products requires the consumption of 0.4 units of services and 0.3 units of manufacturing products. (a) Find the total output of goods needed to satisfy a consumer demand of $ 140 million worth of services and $ 150 million worth of manufacturing products. (Round your answers to two decimal places.) services ? million manufacturing products ? million (b) Find the value of goods consumed in the internal process of production in order to meet the demand. (Round your answers to two decimal places.) services ? million manufacturing products ? million %24

Problem. 9: A simple economy consists of two industries, services and manufacturing. The production of 1 unit of services requires the consumption of 0.2 units of services and 0.3 units of manufacturing products. The production of 1 unit of manufacturing products requires the consumption of 0.4 units of services and 0.3 units of manufacturing products. (a) Find the total output of goods needed to satisfy a consumer demand of $ 140 million worth of services and $ 150 million worth of manufacturing products. (Round your answers to two decimal places.) services ? million manufacturing products ? million (b) Find the value of goods consumed in the internal process of production in order to meet the demand. (Round your answers to two decimal places.) services ? million manufacturing products ? million %24

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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