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Two companies are producing surface heaters. It costs the first company q 1 2 dollars to produce q 1 surface heaters and the second company
Two companies are producing surface heaters. It costs the first company q12 dollars to produce q1 surface heaters and the second company 2q22 dollars to produce q2 surface heaters. If a total of q surface heaters are produced, consumers will pay 200 - q dollars for each surface heater. If the two companies want to maximize the sum of their profits, how many surface heaters should each company produce?(Hint: Solution method in excel solver should be set as GRG Nonlinear)
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