Consider a capital budgeting formulation where the binary variables (x 1 ) and (x 2 ) are used to represent the acceptance ( left(x i 1 ight) ) or rejection ( left(x i 0 ight) ) of each alternative The requirement that the null alternative is not feasible can be represented by which of the followin...

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Consider a capital budgeting formulation where the binary variables (x_{1}) and (x_{2}) are used to represent the

Question:

Consider a capital budgeting formulation where the binary variables $x_{1}$ and $x_{2}$ are used to represent the acceptance $\left(x_{i}=1\right)$ or rejection $\left(x_{i}=0\right)$ of each alternative. The requirement that the null alternative is not feasible can be represented by which of the following?

a. $x_{1}+x_{2}<=1$

b. $x_{2}<=x_{1}$

c. $x_{1}+x_{2}>=1$

d. $x_{1}<=x_{2}$

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