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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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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92489743

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