How many lightbulbs should the company produce

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Reference no: EM132141961

Household Appliances Corp produces 3 products: lamps, lightbulbs, and extension cords.

Lamps take 6 minutes of labor to produce, lightbulbs take 3 minutes, and extension cords take 4 minutes. Lamps require 8 electric cables, lightbulbs require 2 cables, and extension cords require 8 cables to produce. Since lightbulbs are complementary goods to lamps, and lightbulbs tend to die way before the lamps, the company wishes to produce at least 4 times more lightbulbs than lamps. The company has a total of 1000 minutes of labor and 800 wires.

The per unit profit for lamps is $4, lightbulbs is $0.50 and extension cords is $2.

How many lightbulbs should the company produce?

What is the maximum profit this corporation could achieve?

Reference no: EM132141961

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