Question: What is the optimal value of the objective function? At the optimum, what was the capacity utilization of machine 4 (as a percentage)? please use

What is the optimal value of the objective

What is the optimal value of the objective function?

At the optimum, what was the capacity utilization of machine 4 (as a percentage)?

please use LINGO!

A product can be produced on four different machines. Each machine has a fixed setup cost, a variable production cost per unit, and a given production capacity as indicated below. A total of 2,500 units of the product needs to be produced. Setup cost Variable cost Capacity Machine 1 $ 700 $ 16 900 Machine 2 $ 800 $ 18 1,200 Machine 3 $ 920 $ 22 1,000 Machine 4 $ 1,040 $ 20 1,600

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