Question: 3.9. Consider a cost-benefit-trade-off problem having the following data. Benefit Contribu- tion per Unit of Each Activity Minimum Accept- able Level Benefit 1 N 2

3.9. Consider a cost-benefit-trade-off problem

3.9. Consider a cost-benefit-trade-off problem having the following data. Benefit Contribu- tion per Unit of Each Activity Minimum Accept- able Level Benefit 1 N 2 3 60 30 2 3 Unit cost NM 5 2 7 $60 NN 2 9 $50 126 a. Formulate a linear programming model for this problem on a spreadsheet. b. Use the spreadsheet to check the following solutions: (x,x)=(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

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