Cost Minimization problem using Excel
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Given the following linear programming problem:
Min Z = 2x + 8y
Subject to (1) 8x + 4y 64
(2) 2x + 4y 32
(3) y 2
At the optimal solution the minimum cost is:
a. $30
b. $40
c. $50
d. $52
d. $53.33
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