Step 1 :This is a linear programming problem. We need to maximize the profit function subject to the constraints of the problem.
Step 2 :The profit function is given by \(P = 30x + 40y\), where \(x\) is the number of VIP rings and \(y\) is the number of SST rings.
Step 3 :The constraints are given by \(x + y \leq 24\) (they can produce up to 24 rings each day) and \(3x + 2y \leq 60\) (total man-hours of labor).
Step 4 :We can solve this problem by plotting the feasible region and finding the maximum point of the profit function.
Step 5 :The result indicates that the optimal solution is to produce 0 VIP rings and 24 SST rings. This will yield a maximum profit of $960.
Step 6 :Final Answer: The answer is \(\boxed{\text{C.0 VIP and 24 SST}}\).