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A company is planning to open a maximum of 11 new stores in Chicago. The stores will be built in one of three sizes: a convenience store (open 24 hrs.), a standard store, and an expanded service store. The convivence store requires $4.1215 million to build and 30 employees to operate. The standard store requires $8.25 million to build and 15 employees to operate. The expanded-services store requires $12.375 million to build and 45 employees to operate. The company can dedicate up to $82.5 million for construction, and 300 employees to staff the stores. On average, the convenience store nets $1.2 million annually, the standard store nets $2 million and the expanded service store nets $2.6 million annually. How many of each store should the company build to maximize revenue? Use excel solver.

A company is planning to open a maximum of 11 new stores in Chicago. The stores will be built in one of three sizes: a convenience store (open 24 hrs.), a standard store, and an expanded service store. The convivence store requires $4.1215 million to build and 30 employees to operate. The standard store requires $8.25 million to build and 15 employees to operate. The expanded-services store requires $12.375 million to build and 45 employees to operate. The company can dedicate up to $82.5 million for construction, and 300 employees to staff the stores. On average, the convenience store nets $1.2 million annually, the standard store nets $2 million and the expanded service store nets $2.6 million annually. How many of each store should the company build to maximize revenue? Use excel solver.

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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2. A company is planning to open a maximum of 11 new stores in Chicago. The stores will be built in one of three sizes: a convenience store (open 24 hrs.), a standard store, and an expanded service store. The convivence store requires $4.1215 million to build and 30 employees to operate. The standard store requires $8.25 million to build and 15 employees to operate. The expanded-services store requires $12.375 million to build and 45 employees to operate. The company can dedicate up to $82.5 million for construction, and 300 employees to staff the stores. On average, the convenience store nets $1.2 million annually, the standard store nets $2 million and the expanded service store nets $2.6 million annually. How many of each store should the company build to maximize revenue? Use excel solver.
Transcribed Image Text:2. A company is planning to open a maximum of 11 new stores in Chicago. The stores will be built in one of three sizes: a convenience store (open 24 hrs.), a standard store, and an expanded service store. The convivence store requires $4.1215 million to build and 30 employees to operate. The standard store requires $8.25 million to build and 15 employees to operate. The expanded-services store requires $12.375 million to build and 45 employees to operate. The company can dedicate up to $82.5 million for construction, and 300 employees to staff the stores. On average, the convenience store nets $1.2 million annually, the standard store nets $2 million and the expanded service store nets $2.6 million annually. How many of each store should the company build to maximize revenue? Use excel solver.
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