Suppose the coal and steel industries form a closedeconomy. Every $1 produced by the
Chapter 2, Problem 2.4.24(choose chapter or problem)
Suppose the coal and steel industries form a closedeconomy. Every $1 produced by the coal industryrequires $0.30 of coal and $0.70 of steel. Every $1produced by steel requires $0.80 of coal and $0.20 ofsteel. Find the annual production (output) of coal andsteel if the total annual production is $20 million.
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