Consider a Capital Budgeting Example with Five Projects from Which

question 75

Short Answer

Consider a capital budgeting example with five projects from which to select. Let x1 = 1 if project a is selected, 0 if not, for a = 1, 2, 3, 4, 5. Projects cost $100, $200, $150, $75, and $300, respectively. The budget is $450.
-Write the appropriate constraint for the following condition: Choose no fewer than 3 projects.

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Definitions:

Visual Field

The entire area that can be seen when the eye is directed forward, including both central and peripheral vision.

Absolute Threshold

The minimum intensity of a stimulus required for it to be detected by the senses at least 50% of the time.

Difference Threshold

The minimum difference in intensity or quantity required for a person to detect a change between two stimuli.

Separation Threshold

The minimum physical distance or difference that can be discerned between two stimuli.