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A company wants to determine the optimal product mix between Product A and Product B. The cost of producing the products is nonlinear (cubed for Product A, quadratic for Product B) so that the objective function is: Max 4A + 6B - A3 - 2B2
The constraints are:
A + 3B <= 8
5A + 2B <= 14
A >= 0, B >= 0
using solver's GRG nonlinear solution algorithm, find the optimal solution to this problem and describe it. upload both a screenshot of spreadsheet setup and solver for this problem
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