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OrganicCo has 100k AUD to spend on advertising in four states, VIC, NSW, QLD, and TAS. The revenue (in thousands of dollars) that can be
OrganicCo has 100k AUD to spend on advertising in four states, VIC, NSW, QLD, and TAS. The revenue (in thousands of dollars) that can be created in each state by spending thousand dollars is defined as 10 VIC^0.3, 8 NSW^0.5, 12 QLD^0.4, and 6 TAS^0.6. Determine the maximum possible revenue given this budget. If you are having any numerical issues with Excel showing NUM! error try adding contraints limiting the decision variable values to between 1 and 100. Hint: The answer to this question is between 150 and 170.
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