Part A ^

Angel Consulting is considering 8 projects. Each project has a cost and an associated return. The budget at Angel is $580. Angel would like to choose the set of projects that maximize the total project return. Project 1 2 3 4 wml + NOO Cost $130 $100 $165 $180 $225 $190 $140 $185 Return $205 $225 $350 $285 $400 $325 $265 $375 5 6 7 8 Which of the following are true for Angel Consulting's project choice problem? Exactly two of the answers are correct. The optimal solution for this problem does not include the project with the highest cost to return ratio. The optimal solution for this problem includes the project with the least cost. The optimal solution for this problem does not use the entire budget. The optimal ution for this problem includes the project with highest return. Angel Consulting is considering 8 projects. Each project has a cost and an associated return. The budget at Angel is $580. Angel would like to choose the set of projects that maximize the total project return. Project 1 2 3 4 Cost $130 $100 $165 $180 $225 $190 $140 $185 Return $205 $225 $350 $285 $400 $325 $265 $375 5 6 7 8 Which of the following are true for Angel Consulting's project choice problem? The budget constraint may be binding in the optimal solution. Exactly two of the answers are correct. There is a single linear constraint that involves all decision variables in the algebraic formulation of this problem. The decision variables are restricted to take on integer values (0, 1, 2, etc.) in this problem. The number of projects chosen will be maximized