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Business, 25.03.2021 21:00 arnold2619

The economy on the island of Bacchus produces only grapes and wine. The production of 1 poundof grapes requires 1/2 pound of grapes, 1 laborer, and no wine. The production of 1 liter of winerequires 1/2 pound of grapes, 1 laborer, and 1/4 liter of wine. The island has 10 laborers who alltogether demand 1 pound of grapes and 3 liters of wine for their own consumption. Write out theinput-output system for the economy of this island and solve it.

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