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Formulate an LP model Find the optimal solution by using Excel Solver and submit Excel...

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Accounting

  1. Formulate an LP model
  2. Find the optimal solution by using Excel Solver and submit Excel Template with your solution results.
  3. Provide an interpretation of the Sensitivity Report.image
The marketing manager for Mountain Mist soda needs to decide how many TV spots and magazine ads to run during the next quarter. Each TV spot costs $5,000 and is expected to increase sales by 300,000 cans. Each magazine ad costs $2,000 and is expected to increase sales by 500,000 cans. A total of $100,000 may be spent on TV and magazine ads; however, Mountain Mist wants to spend no more than $70,000 on TV spots and no more than $50,000 on magazine ads. Mountain Mist earns a profit of 0.05 on each can it sells

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