A Hunger-Relief Organization, Has Earmarked Between $2 and $2

question 28

Essay

A hunger-relief organization, has earmarked between $2 and $2.5 million, inclusive, for aid to two African countries, country A and country B. Country A is to receive between $1 and $1.5 million, inclusive, in aid, and country B is to receive at least $0.75 million in aid. It has been estimated that each dollar spent in country A will yield an effective return of $.60, whereas a dollar spent in country B will yield an effective return of $.50. How should the aid be allocated if the money is to be utilized most effectively according to these criteria? (Hint: If x and y denote the amount of money to be given to country A and country B, respectively, then the objective function to be maximized is P = 0.6x + 0.5y.)
$ __________ million to country A and $ __________ million to country B

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Definitions:

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, politics or being influenced by peer pressure.

Solomon Asch

Solomon Asch was a pioneering psychologist known for his research on conformity, demonstrating how individuals often conform to social pressures or the majority opinion.

Confederates

Individuals who are secretly working with the researcher and are aware of the experiment's aims, but are presented as participants to the other subjects.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, politics, or being similar to others.