A conglomerate is composed of three industries: coal, iron, and steel. Production of $1 worth of coal requires $0.05 wor

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A Conglomerate Is Composed Of Three Industries Coal Iron And Steel Production Of 1 Worth Of Coal Requires 0 05 Wor 1 (21.31 KiB) Viewed 19 times

A conglomerate is composed of three industries: coal, iron, and steel. Production of $1 worth of coal requires $0.05 worth of coal, $0.02 worth of iron, and $0.1 worth of steel. Production of $1 worth of iron requires $0.2 worth of coal, $0.04 worth of iron, and $0.12 worth of steel. Production of $1 worth of steel requires $0.15 worth of coal, $0.25 worth of iron, and $0.05 worth of steel. How much should each industry produce to allow for a consumer demand of $30 million worth of coal, $5 million worth of iron, and $25 million worth of steel? (Round your answers to two decimal places.) coal 39.69 x million dollars iron million dollars steel 32.30 x million dollars Need Help? Read 11 Watch It