Question: 8. Solve the following linear programming problem by sketching a graph. To receive full credit, you must show: a) The definitions for any variables you
8. Solve the following linear programming problem by sketching a graph. To receive full credit, you must show: a) The definitions for any variables you use. b) The inequalities and objective function. c) The graph, clearly drawn, with the feasible region shaded. d) A corner point table. e) A sentence that answers the question asked in the problem. An investor has $60,000 to invest in a CD and a mutual fund. The CD yields 5% and the mutual fund yields on the average 9%. The mutual fund requires a minimum investment of $10,000 and the investor requires that at least twice as much should be invested in CDs as in the mutual funds. How much should be invested in CDs and how much in the mutual fund to maximize return? What is the maximum return
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
