How should the firm arrange production to maximize profit


Problem

An electronics firm decides to launch two new models of computer, COM1 and COM2. The cost of producing each machine of type COM1 is $1200 and the cost for COM2 is $1600. The firm recognizes that it is a risky venture and decides to limit the total weekly production costs to $40 000. Also, due to a shortage of skilled labor, the total number of computers that the firm can produce in a week is at most 30. The profit made on each machine is $600 for COM1 and $700 for COM2. How should the firm arrange production to maximize profit?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How should the firm arrange production to maximize profit
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