At commodity bundle A, which consists of only apples and oranges, Annette's marginal utility per dollar spent on apples is 10 and her marginal utility per dollar spent on oranges is 8. Diagram a representative budget constraint and indifference curve that passes through bundle A given Annette's budget is exhausted at bundle A.
The assignment problemconstraint x31 + x32 + x33 + x34 <= 2 means
a. agent 2 can be assigned to at most 3 tasks.
b. agent 3 can be assigned to at most 2 tasks.
c. a mixture of agents 1, 2, 3, and 4 will be assigned to 2 or less tasks.
d. there is no feasible solution.
Consider a capital budgeting example with 5 projects from which to select. Let x1 = 1 if project a is selected, 0 if not, for a = 1, 2, 3, 4, 5. Conditions are independent. Projects cost $100, $200, $150, $75, and $300 respectively. The budget is $450. Write the appropriate constraint for the following condition. If project 3 is