4 Young MBA Erica Cudahy may invest up to $1,000. She can invest her money in stocks...
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4 Young MBA Erica Cudahy may invest up to $1,000. She can invest her money in stocks and loans. Each dollar invested in stocks yields 10¢ profit, and each dollar invested in a loan yields 15¢ profit. At least 30% of all money invested must be in stocks, and at least $400 must be in loans.
Formulate an LP that can be used to maximize total profit earned from Erica’s investment. Then graphically solve the LP.
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Related Book For
Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston
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