Written Assignment Using Excel Solver
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
a written assignment using Excel Solver
All day long, MacDonald’s sells two popular breakfast packages: Mac A and Mac B. These products’ sales are not unrelated to one another (in economics, we call these substitutable products, because if the price of one increases, sales of the other will increase).
The store would like to develop a price policy in order to optimize profits.
a profit from these products A price and value analysis
The following relationships can be seen in sales data:
each model’s quantity sold ( Q ) and price ( P ):
0.62PA + 0.30PB = QA = 20
QB = 29 + 0.10PA – 0.60PBQB = 29 + 0.10PA – 0.60PBQB = 29 + 0.10
a. Create a total revenue model and implement it on a spreadsheet.
b. Create a two-way data table to calculate the best prices for each product and optimize total revenue.
c. To discover the best costs, use “Solver.”
Solver is an Excel Home add-on feature that you can download. Your formular and Solver will need to be displayed in Excel spreadsheets. Save your file with your Firstname Lastname and upload the Excel Spreadsheets to the appropriate location. Please keep the submission deadline in mind!
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