Question: Jobco is planning to produce at least 2000 widgets on three machines. The minimum lot size on any machine is 600 widgets. The following table gives the pertinent data of the situation. Machine Setup cost($) Production cost/unit($) Capacity (units) 1 300 2 650 2 100 10 850 3 200 5 1250 If we want to formulate the problem as an ILP/BIP, which of the followingplease help me asap Show transcribed image textAnswer: The correct answer is 1st i.e 300X1…View the full answerTranscribed image text: Jobco is planning to produce at least 2000 widgets on three machines. The minimum lot size on any machine is 600 widgets. The following table gives the pertinent data of the situation. Machine Setup cost($) Production cost/unit($) Capacity (units) 1 300 2 650 2 100 10 850 3 200 5 1250 If we want to formulate the problem as an ILP/BIP, which of the following would be the appropriate objective function? Your answer: O Min. 2-300x100x; 200x 2x 10x 5xy O Min. 2-2x 10 5x Min. 2 2x 10x; 5x, 300y, 100y: 200 If we want to formulate the problem as an ILP/BIP, which of the following would be the appropriate objective function? Your answer: O Min. Z=300x₂ 100x₂ 200x 2x₁ 10x₂ 5x O Min. Z = 2x₁ 10x₂ 5×3 O Min. Z = 2x 10x 5x 300y₁ 100y2 200 Min. Z = 300y 100y₂ 200/

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