Localized Economy A town has a merchant, a baker, and a farmer. To produce $1 worth of output, the merchant requires $.30 worth of baked goods and $.40 worth of the farmer’s products. To produce $1 worth of output, the baker requires $.50 worth of the merchant’s goods, $.10 worth of his own goods, and $.30 worth of the farmer’s goods. To produce $1 worth of output, the farmer re-quires $.30 worth of the merchant’s goods, $.20 worth of baked goods, and $.30 worth of his own products. How much should the merchant, baker, and farmer produce to meet a demand for $20,000 worth of output from the merchant, $15,000 worth of output from the baker, and $18,000 worth of output from the farmer?
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