By viewing the following Excel snapshot, in Excel Solver what would be entered to formulate...
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By viewing the following Excel snapshot, in Excel Solver what would be entered to formulate the Objective Function for E3? D B Product 1 1 2 Material (units) 3 Machine 4 Labor 5 Cost Product 2 2 3 1 1.5 2. 2 2 Object function (Profit Margin) $5.00 $8.00 6 7 Product 1 Product 2 8 Decision Variable (to produce) 9 10 Constraints Quantity 11 Material (units) 12 Machine (hours) 13 Labor (hours) 14 Units Produced 15 Number of Product 1 16 Number of Product 2 Qty Available 1300 750 14001 Demand 3001 150 Multiple Choice O =SUM(B5:D11,C8:D11) =SUMPRODUCT(B5%C5) + (B8C8) O O =SUMPRODUCT(B5+B8) * (C5+C8) =SUMPRODUCT(B5*B8) + (C5*C8)
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