You are trying to create a budget to optimize the use of a portion of your disposable income. You have a maximum of $ 1,500 per month to be allocated to food, shelter, and entertainment. The amount spent on food and shelter combined must not exceed $ 1,000. The amount spent on shelter alone must not exceed $ 700. Entertainment cannot exceed $ 300 per month. Each dollar spent on food has a satisfaction value of 2, each dollar spent on shelter has a satisfaction value of 3, and each dollar spent on entertainment has a satisfaction value of 5.
Assuming a linear relationship, use the Excel Solver to determine the optimal allocation of your funds.

  • CreatedApril 09, 2014
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