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 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...
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The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
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