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An economy consists of coal, electric, and steel sectors. For each $1.00 of output, the coal sector needs $0.04 worth of coal, $0.20 worth of electric, and $0. 10 worth of steel; the electric sector needs $0.01 worth of coal, $0.01 worth of electric, and $0.04 worth of steel; and the steel sector needs $0.10 worth of coal and $0.03 worth of steel. The sales demand is estimated to be $100, 000, 000 for coal, $400, 000, 000 for electric, and $300, 000, 000 for steel. At what level should each sector produce to satisfy this demand?

The coal sector should produce $, the electric sector should produce $, and the steel sector should produce $.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92026966

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