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Eliza owns a firm that makes and sells two products, Product A and Product B . Eliza believes the unit contribution margin from Product B
Eliza owns a firm that makes and sells two products, Product A and Product B Eliza believes the unit contribution margin from Product B is $ but is uncertain about the unit contribution margin from Product A She estimates that the unit contribution margin of Product A is either $ or $ which each being equally likely. Both products are processed on a single machine, which has total capacity of hours. Each unit of Product A requires hours on the machine, while each unit of Product B requires hours on the machine. Both products also require safety testing, and there are a total of hours available for safety testing. Each unit of Product A requires hours of safety testing, while each unit of Product B requires hours of safety testing.
a Using Solver, what product mix will maximize total contribution margin?
Show me in excel.
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