17. Use Solver to find the optimal product mix by maximizing the net income value by changing the…

17. Use Solver to find the optimal product mix by maximizing
the net income value by

changing the number of each model produced and sold, subject
to the following

constraints

• The number of each model produced and sold is an integer.

• At least 3000 of each food processor model is produced.

• The number of each part remaining after the production run
is greater than or equal

to zero.

18. Save the resulting Solver solution as a scenario under
the name Optimal.

19. Create defined names for the production values in the
range B5:E5 using the labels in the

range B4:E4. Create defined

17. Use Solver to find the optimal product mix by maximizing
the net income value by

changing the number of each model produced and sold, subject
to the following

constraints

• The number of each model produced and sold is an integer.

• At least 3000 of each food processor model is produced.

• The number of each part remaining after the production run
is greater than or equal

to zero.

18. Save the resulting Solver solution as a scenario under
the name Optimal.

19. Create defined names for the production values in the
range B5:E5 using the labels in the

range B4:E4. Create defined names for the revenue, expense,
and net income values in

the range B21:B24 using the labels from the range A21:A24.
Create a defined name for

cell B26 using the label in cell A26.

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