At HelpMe University, they are interested in maximizing enrollment and minimizing costs in their MBA program. With the discount rate for each student, they typically make $20,000 on a MBA student’s tuition of $36,000 (over 2 years). They have about 40 full-time and 20 part-time faculty teaching in the MBA program. They also have classroom space for 15 rooms of 30 students each. For online and in-person instruction, they cap their courses at 30 students. They currently have 250 students in their MBA program. For any profit they make, they keep 70% of the profit and give back 30% to the central University pool.You have been asked, as an independent consultant, to apply LP (Linear Programming) using Excel Solver and determine the optimum MBA student enrollment for HelpMe University, given the information above. You can also make any reasonable assumptions, as long as you indicate as such.You have been asked by the Dean to prepare a 2-page single-spaced write-up with appropriate figures/tables to explain your solution and the associated reasoning.
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