An Operations Research Analyst for a Communications Company Has the Following

question 38

Essay

An operations research analyst for a communications company has the following LP problem and wants to solve it using the simplex method.​
Max 50x₁ + 20x₂
s.t.2x₁ + x₂ < 200
x₁ + x₂ < 350
x_l + 2x₂ < 275

Assess the relationship between health care spending and GDP.

Evaluate work hours in relation to productivity and international comparisons.

Understand the basic concepts of GDP per capita and its significance in comparing economic health.

Understand the basic principles of Malthusian theory regarding population growth and its checks.

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Definitions:

Self-fulfilling Prophecy

A belief or expectation that influences actions in a way that causes the belief to become true.

Actor/Observer Bias

The tendency to attribute one's own actions to external causes while attributing other people's behaviors to their internal characteristics.

Ingroup/Outgroup Bias

The tendency to favor individuals within our group while being prejudiced against or hostile toward those in other groups.

Mere Exposure Effect

The increase in liking due to repeated exposure.