Question: Please provide detailed solution with explanation and justification asap 12. Consider the Leontief system *1 = .4x1 + .3x2 + . 3x3 + 100 *2

Please provide detailed solution with explanation and justification asap

Please provide detailed solution with explanation
12. Consider the Leontief system *1 = .4x1 + .3x2 + . 3x3 + 100 *2 = . 3x, + .4x2 + .3x3 + 100 X'3 = .3x, + .3x2 + .4x3 + 100 Here the column sums are 1, violating the Leontief input constraint given in the text. Show that this system cannot have a solution. Hint: Add the three equations together. Extra Credit: Try to explain in economic terms why no solution exists

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