Question

Formulate a linear programming model to find the best investment strategy for this client. (Assume N is the amount invested in the internet fund project and B is the amount invested in the Blue Chip fund. Express the amounts invested in thousands of dollars.)

Answer 1

The appropriate answer is "N, B >= 0". A further explanation id provided below.

Explanation:

According to the question,

The linear programming model seems to be formulated as:

⇒
`Max \ 0.07 \ N+0.06 \ B`

Now,

⇒
`N+B<=85`

`N<=55`

⇒
`6N+4B<=410`

`N,B>=0`

Thus, the above is the correct answer.