For the following problem, Excel Solver must be used, DO NOT use the graphical approach. ALL work must be shown, including formulas on an excel worksheet. Please highlight answer in yellow to question.

The dean of the Western College of Business must plan the schools course offerings for the fall semester. Student demands make it necessary to offer at least 30 undergraduate and 20 graduate courses in the term. Faculty contracts also dictate that at least 60 courses be offered in total. Each undergraduate course taught costs the college an average of $2,500 in faculty wages, and each graduate course costs $3,000.

1. How many undergraduate and graduate courses should be taught in the fall so that total faculty salaries are kept to a minimum?