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Consider the following linear programming problem:
Minimize
Subject to
The above linear programming problem:
Welfare
Governmental support aimed at ensuring the basic well-being and financial assistance of individuals or groups within a society.
Lower Three Quintiles
Refers to the bottom 60% of the population typically classified by income distribution, focusing on those with lower income levels.
Income
The financial return received by an individual or entity in exchange for providing goods, services, or through investing capital, including wages, profits, and rents.
Upper Quintiles
Refers to the top 20% of the population in terms of income distribution, often used in studies of social, economic, and wealth stratification.
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