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In 2009, the imaginary nation of Dorados had a population of 8,000 and real GDP of 3,000,000. During the year its real GDP grew by about 2.9%. Which of the following sets of growth rates is consistent with this growth in real GDP? I wanna the process of problem solving.
a. 2% population growth and 6% real GDP growthb. 6% population growth and 2% real GDP growthc. 4% population growth and 7% real GDP growthd. 7% population growth and 4% real GDP growth
a. Graph the feasible region for the problem. b. Is the feasible region unbounded? Explain. c. Find the optimal solution. d. Does an unbounded feasible region imply that the optimal solution to the linear program will be unbounded?
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