Question: A company makes panels using five sheet metal machines and workers. These machines cost $300.00 each. These workers can be hired on an as needed basis at 7,000.00 each. Market price for one panel is 50.00. Based on production data in following table, how many workers should company hire to maximize profits?

SHEET METAL FORMING NUMBER OF

MACHINES WORKERS PANELS PRODUCED

5 0 0

5 1 600

5 2 1000

5 3 1290

5 4 1480

5 5 1600

5 6 1680