A Simple Economy Consists of Two Industries: Agriculture and Manufacturing

Multiple Choice

A simple economy consists of two industries: agriculture and manufacturing. The production of 1 unit of agricultural products requires the consumption of 0.3 unit of agricultural products and 0.2 unit of manufactured goods. The production of 1 unit of manufactured products requires the consumption of 0.4 unit of agricultural products and 0.1 unit of manufactured goods. ​
Find the value of the goods consumed in the internal process of production needed to satisfy a consumer demand for $50 million worth of agricultural products and $300 million worth of manufactured products. Round answers to two decimal places.
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A) $243.92 million and $85.02 million worth of agricultural goods and manufactured products respectively
B) $243.92 million and $100.00 million worth of agricultural goods and manufactured products respectively
C) $250.00 million and $100.00 million worth of agricultural goods and manufactured products respectively
D) $250.00 million and $85.02 million worth of agricultural goods and manufactured products respectively