What is the total cost, Solve the problem using SOLVER and

What is the total cost

Assignment Help Microeconomics

Reference no: EM13977796

Consider the following model to MINIMIZE total cost
Min 5A + 8B

Subject to:
1 2A + 3B >=6
2 3A - B <=15
3 - A+ B <= 4
4 2A + 4B <= 27
5 A,B>=0

Solve the problem using SOLVER and generate the answer and sensitivity reports

Based on your Excel output, what is the optimal solution?
A <-enter number in yellow cell
B <-enter number in yellow cell

Based on your Excel output, what is the total cost?

Total Cost <-enter number in yellow cell

If the objective coefficient for A is 7 instead of 5 and the constraint 4 RHS is 25 instead of 27, by how much the total cost will change?
Total cost <- Type 'increases' or 'decreases' in yellow cell
by <-enter number in yellow cell

Reference no: EM13977796

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