A company is making Sofas and Love Seats. The sofa’s profit is $1,000 and the love seats profit is $950.There are 2 factories available to make the products. Factory 1 requires 55 hours to make a sofa and 40 hours to make a love seat. It has 6,000 hours available. Factory 2 requires 50 hours to make a sofa and 45 hours to make a love seat. It has 4,000 hours available. Factory 1 needs at least 3 employees for a sofa and 2 employees for a love seat. The total minimum required is 80.Factory 2 needs at least 2 employees for a sofa and 3 employees for a love seat. The total minimum required is 45.The company is also willing to offer coupons to customers. The coupons can be redeemed for $25 off a sofa or $20 off a love seat. The total redemption of the coupons equals $1,800.The maximum number of sofa’s that can be produced is 75.Please use Solver on Excel and provide steps and explanations.

Explanation:

We are asked to compute and use the solver in Excel.

From the three images attached below, we will see clear pictures showing how the data sets are being computed in the Excel interface. The second indicates how the values are being inputted in the solver by using the Simplex LP method and lastly, the solution is being revealed in the third image.

Please, carefully go through the Excel screenshot files.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.