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.
Fill in the blank
1. In a problem involving capital budgeting applications, the 0-1 variables designate the ____________ or _____________ of the different projects.
2. If exactly one investment is to be selected from a set of five investment options, then the constraint is often called a ____________ constraint.
Question 1. Page 154 (with some modifications)
A consumer has $300 to spend on goods X and Y. The market prices of these two goods are Px = $15 and Py = $5.
a. Draw the budget constraint. I.e. provide a carefully labeled diagram
b. What is the market rate of substitution? Give an interpretation.
c. Illustrate the consum
Problem 3: Linear Programming
I have a six acre farm that I can use for the productionof rice (X1) or corn (X2). I have also
27 days of labor and 32 tons of fertilizer.
One acre of rice requires three days of labor and eight tons of fertilizer, while one acre of corn