Which is the best tool for determining the optimal blend of products to produce in order to maximize profit?
A)Goal Seek
B)Scenario Manager
C)Solver
D)Two-variable data table

Question

Quizplus · Accepted Answer

Solver is the best tool for determining the optimal blend of products to produce in order to maximize profit. Solver is a powerful optimization tool that can handle multiple constraints and variables to arrive at the optimal solution. It can help in determining the best mix of products to produce to achieve the maximum profit. Goal Seek and Scenario Manager are helpful in analyzing the impact of changing input variables on a single output, while a two-variable data table can help in analyzing the impact of two input variables on a single output. However, Solver is the best tool for complex optimization problems that involve multiple variables and constraints.

Which Is the Best Tool for Determining the Optimal Blend