Question: You are trying to create a budget to optimize the use of a portion of your disposable income. You have a maximum of $2,400 per

You are trying to create a budget to optimize the use of a portion of your disposable income. You have a maximum of $2,400 per month to be allocated to food, shelter, and entertainment. The amount spent on food and shelter combined must not exceed $1,000. The amount spent on shelter alone must not exceed $700. Entertainment cannot exceed $300 per month. Each dollar spent on food has a satisfaction value of 2, each dollar spent on shelter has a satisfaction value of 2, and each dollar spent on entertainment has a satisfaction value of 5.

Assuming a linear relationship, use the Excel Solver to determine the optimal allocation of your funds. (Round your answers to the nearest whole number.)


Decision for F
Decision for S
Decision for E
Total Satisfaction

	Resources Used
Total budget
$ on food and shelter
$ on shelter
$ on entertainment

You are trying to create a budget to optimize the

Problem A-7 You are trying to create a budget to optimize the use of a portion of your disposable income. You have a maximum of $2,400 per month to be allocated to food, shelter, and entertainment. The amount spent on food and shelter combined must not exceed $1,000. The amount spent on shelter alone must not exceed $700. Entertainment cannot exceed $300 per month. Each dollar spent on food has a satisfaction value of 2, each dollar spent on shelter has a satisfaction value of 2, and each dollar spent on entertainment has a satisfaction value of 5. Assuming a linear relationship, use the Excel Solver to determine the optimal allocation of your funds. (Round your answers to the nearest whole number.) Decision for F Decision for S Decision for E Total Satisfaction 1000 % 0 3000 3500 Total budget $ on food and shelter S on shelter S on entertainment Resources Used 2400 1000 HO 300

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