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OpenStudy (anonymous):
The production processes are such that .8 units of steel and .1 unit of oil are required to produce 1 unit of steel, and .4 units of steel and .5 units of oil are required to produce 1 unit of oil. Suppose that the economy is meeting an external demand of 2 units of steel and 1 unit of oil. Then a) The level of production of steel is at two times the level of production of oil. b) The level of production of steel is at 4.5 times the level . c) The level of production of steel is at 2.5 times the level of production of oil. d) The level of production of steel is at 3.5 times
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OpenStudy (anonymous):
please help me and explain me
OpenStudy (misssunshinexxoxo):
Which do you believe it is?
OpenStudy (anonymous):
I have no idea. what will equation be ?
OpenStudy (misssunshinexxoxo):
I believe it is A but unsure.
OpenStudy (anonymous):
I need to know why..T.t
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