RTT and Sally are the two major companies that operate in Turkish pencil manufacturing industry. While RTT produces qj pencils for q, dollars, Sally manufactures q2 pencils with cost of 0.5q2² dollars. It is known that the two companies should totally produce q pencils and the price of each pencil is 200-q dollars in the market. If the two companies collaborate and want to maximize their profits, how many pencils should RTT produce? (Please type your answer into the box below just as a number with a single digit after decimal point.)

RTT and Sally are the two major companies that operate in Turkish pencil manufacturing industry. While RTT produces qj pencils for q, dollars, Sally manufactures q2 pencils with cost of 0.5q2² dollars. It is known that the two companies should totally produce q pencils and the price of each pencil is 200-q dollars in the market. If the two companies collaborate and want to maximize their profits, how many pencils should RTT produce? (Please type your answer into the box below just as a number with a single digit after decimal point.)

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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