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An investor has $500,000 to invest and wants to maximize the money they will receive at the end of one year. They can invest in condos, apartments and houses. The profit after one year, the cost and the number of units available are shown below. Based on this ILP formulation of the problem what formulas should go in cells E5:E12 of the following Excel spreadsheet?
Natural Resources
Substances and resources like minerals, forests, water, and arable land that are found in nature and can be exploited for financial benefit.
Economic Model
A simplified representation, often mathematical, of economic processes, relationships, or phenomena, to predict and explain economic behavior.
Incorrect Predictions
refers to forecasts or expectations about future events or trends that ultimately prove to be wrong.
Economic Decision Makers
Economic Decision Makers are individuals or groups, such as consumers, businesses, and governments, that make choices about what to consume, produce, and distribute in an economy.
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