Question: Consider the economic input-output model in Problem 3 of Homework 5. Suppose the energy consumption of the three sectors is t 1 = 100 MJ/$
Consider the economic input-output model in Problem 3 of Homework 5. Suppose the energy consumption of the three sectors is t1 = 100 MJ/$ , t2 = 500 MJ/$ , and t3 = 200 MJ/$.
- Calculate the life cycle energy consumption per dollar of final demand for each sector. (Hint: For the life cycle energy consumption of Sector 1, use f1 = 1 and f2 = f3 = 0.)
- Calculate the Energy Return on Investment for Sector 1 given that the price of energy produced from this sector is $2 per Joule.
Problem 3 of HW 5

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