Open Leontief Model Suppose three corporations each manufacture a different product

Chapter 3, Problem 12

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Open Leontief Model Suppose three corporations each manufacture a different product, although each needs the others goods to produce its own. Moreover, suppose some of each manufacturers production is consumed by individuals outside the system. Current internal and external consumptions are given in the table below, but it has been forecast that consumer demand will change in the next several years and that in 5 years consumers will demand 80 units of product A, 40 units of product B, and 80 units of product C. Find the total output needed to be made by each corporation to meet the predicted demand. ABC Consumer Total A 100 50 40 60 250 B 20 10 30 40 100 C 30 40 30 100 20

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