Minimize the Function Subject to the Constraint

question 21

Essay

Minimize the function subject to the constraint .

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Definitions:

New Deal

Franklin D. Roosevelt’s campaign promise, in his speech to the Democratic National Convention of 1932, to combat the Great Depression with a “new deal for the American people”; the phrase became a catchword for his ambitious plan of economic programs.

Libertarianism

A political philosophy that advocates for minimal government intervention in the personal and economic affairs of citizens, emphasizing individual liberty and free markets.

Jewish Presidential Candidate

A candidate for the presidency who identifies as Jewish, notable in the context of discussing diversity in political representation.

Alliance For Progress

An initiative launched by U.S. President John F. Kennedy in 1961 aimed at establishing economic cooperation between North and South America.