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You are trying to create a budget to optimize the use of a portion of your disposable income. You have a maximum of $2,700 per
You are trying to create a budget to optimize the use of a portion of your disposable income. You have a maximum of $2,700 per month to be allocated to food, shelter, and entertainment. The amount spent on food and shelter combined must not exceed $1,600. The amount spent on shelter alone must not exceed $1,000. Entertainment cannot exceed $500 per month. Each dollar spent on food has a satisfaction value of 3, each dollar spent on shelter has a satisfaction value of 8, and each dollar spent on entertainment has a satisfaction value of 5 Assuming a linear relationship, use the Excel Solver to determine the optimal allocation of your funds. (Round your answers to the nearest whole number.) Decision for F Decision for S Decision forE Total Satisfaction Resources Used Total budget S on food and shelter S on shelter S on entertainment You are trying to create a budget to optimize the use of a portion of your disposable income. You have a maximum of $2,700 per month to be allocated to food, shelter, and entertainment. The amount spent on food and shelter combined must not exceed $1,600. The amount spent on shelter alone must not exceed $1,000. Entertainment cannot exceed $500 per month. Each dollar spent on food has a satisfaction value of 3, each dollar spent on shelter has a satisfaction value of 8, and each dollar spent on entertainment has a satisfaction value of 5 Assuming a linear relationship, use the Excel Solver to determine the optimal allocation of your funds. (Round your answers to the nearest whole number.) Decision for F Decision for S Decision forE Total Satisfaction Resources Used Total budget S on food and shelter S on shelter S on entertainment
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