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 0.1 unit of agricultural products and 0.1 unit of manufactured goods. The production of 1 unit of manufactured products requires the consumption of 0.1 unit of agricultural products and 0.4 unit of manufactured goods. Find the gross output of goods needed to satisfy a consumer demand for $140 million worth of agricultural products and $140 million worth of manufactured products. Round answers to the nearest tenth, if necessary. ​

A) $449.06 million
B) $826 million
C) $210 million
D) $328.3 million
E) $477.5 million