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September 11, 2020

1.Complete Problems 4, 5, and 7 on pages 510-511. For each q

1.Complete Problems 4, 5, and 7 on pages 510-511. For each question, clearly state the decision variables, objective function and constraints. The objective function and constraints should be written as inequality or equality formulas. #4 is interested in maximizing the profit, #5 is interested in maximizing the exposure, and #7 is interested in maximizing the return.1.Solve each of the models that you built in part (1) in Excel. For each question generate the Answer Report using SOLVER. Then, clearly respond to the following two questions: What is the optimal solution? What is the resulting output of the objective function at the optimal solution?

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