Question: Consider a cost-benefit-trade-off problem having the following data. a. Formulate a linear programming model for this problem on a spreadsheet. b. Use the spreadsheet to

Consider a cost-benefit-trade-off problem having the following data.

a. Formulate a linear programming model for this problem on a spreadsheet.
b. Use the spreadsheet to check the following solutions: (x1, x2) = (7, 7), (7, 8), (8, 7), (8, 8), (8, 9), (9, 8). Which of these solutions are feasible? Which of these feasible solutions has the best value of the objective function?
c. Use Solver to find an optimal solution.
d. Express the model in algebraic form.
e. Use the graphical method to solve this model.

Benefit Contribution per Unit of Each Activity Minimum Acceptable Level Benefit 2 60 2 2 30 3 126 $60 $50 Unit cost

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a c b x 1 x 2 Feasible C 77 No 78 No 87 No 88 Yes 880 Best 89 ... View full answer

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