Question: Please use in excel and show your steps! Problem 3 [Hint: Use GRG Nonlinear Solver and total spent should be less than budget] Beerco has

Please use in excel and show your steps! ProblemPlease use in excel and show your steps!

Problem 3 [Hint: Use GRG Nonlinear Solver and total spent should be less than budget] Beerco has $100,000 to spend on advertising in four markets. The sales revenue (in thousands of dollars) that can be created in each market by spending xi thousand dollars in market i is given in the table below. To maximize its sales revenue, how much money should Beerco spend in each market? Sales revenue (in $1000s) in each market from spending x (in $1000s) is of form ax", wherel Market 1 Market 2 Market 3 Market 4 10 8 12 6 0.41 0.5 0.3 0.6 ja

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