Suppose that you are working for a company that produces two major products, A and B. The total budget for advertising is $10,000. Since two products are related, the advertisement made for one product impacts the sales of the other. Therefore, total profit obtained as a function of the advertising expenditure is (A2+B−11)2+(A+B2−7)2 where A is the advertisement budget for product A and B is the advertisement budget for product B.You formulated an optimization problem to determine how the advertisement budget should be allocated between the two products to achieve the highest profit. Which one of the following statement(s) is(are) correct regarding the optimization problem you formulated? Select all that apply.
Group of answer choices
There are three constraints.
It is a maximization problem.
There are multiple objective functions.
There is only one constraint.
It is a linear optimization problem.
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