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Given the nonlinear programming model:
Max Z = 5x1 - 2x22
Subject to: x1 + x2 = 6
What are the optimal values of x1 and x2?
Immigration
The action of coming to live permanently in a foreign country. It can influence a country's economy, culture, and demographics.
Equilibrium Wage
The wage rate at which the quantity of labor supplied equals the quantity of labor demanded in the market, resulting in no unemployment.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision or choice.
Employment Opportunities
Available job positions or career prospects within the job market.
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