Answer: Alternative optimal
Step-by-step explanation:
Alternative optimal solution means that
there are several optimal solutions that can be used to get identical objective function value.
Therefore, a scenario whereby the optimal objective function contour line coincides with one of the binding constraint lines on the boundary of the feasible region will lead to alternative optimal solution.
Answer:
Step-by-step explanation: yes
Step-by-step explanation:
i think this is the answer if it's wrong I'm sorry
Answer:
The new mortgage repayment is $10,580.69
Step-by-step explanation:
As at the time Douglas lost his job,he has already made repayments on the mortgage for a period of 7 years,by extending the repayment period by another 7 years,Douglas now have a period of repayment of 30 years now(30-7+7).
The new repayment yearly can be computed using the pmt formula in excel as given below:
=pmt(rate,nper,-pv,fv)
rate is the interest rate on mortgage given as 4.25%
nper is the period of repayment now 30 years
pv is the current of balance of $177,533.62
fv is the total amount repayable on the mortgage and it is not known hence taken as zero
=pmt(4.25%,30,-177533.62,0)=$10,580.69
The chef can make 42 casseroles no remainder