A company produces two products: Product X and Product Y. The company has a total budget of $90,000 for the production of both products. Product X has a variable cost of $20 per unit and sells for $40 per unit, while Product Y has a variable cost of $30 per unit and sells for $50 per unit. The company wants to maximize its profit while adhering to the budget. How many units of each product should the company produce to maximize its profit? Show all calculations and round your final answer to the nearest whole number.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Lets start by setting up the profit equation for the company Profit Sales price per unit ... View the full answer