Jim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demands and selling prices for these two cameras are as follows. Dg = demand for the Sky Eagle Ps= selling price of the Sky Eagle D, - demand for the Horizon P= selling price of the Horizon Ds = 228 - 0.60P5 + 0.35P, D- 280 + 0.10P5 - 0.64P, The store wishes to determine the selling price that maximizes revenue for these two products. Develop the revenue function R (in terms of Ps and PH only) for these two models, and find the revenue maximizing prices (in dollars). (Round your answers to two decimal places.) Revenue Price for Sky Eagle Ps Price for Horizon Optimal revenue R

Jim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demands and selling prices for these two cameras are as follows. Dg = demand for the Sky Eagle Ps= selling price of the Sky Eagle D, - demand for the Horizon P= selling price of the Horizon Ds = 228 - 0.60P5 + 0.35P, D- 280 + 0.10P5 - 0.64P, The store wishes to determine the selling price that maximizes revenue for these two products. Develop the revenue function R (in terms of Ps and PH only) for these two models, and find the revenue maximizing prices (in dollars). (Round your answers to two decimal places.) Revenue Price for Sky Eagle Ps Price for Horizon Optimal revenue R

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Question

Jim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demands and selling prices for these two cameras are as follows.
Dg = demand for the Sky Eagle
Ps = selling price of the Sky Eagle
D,- demand for the Horizon
PH= selling price of the Horizon
Ds = 228 - 0.60Pg + 0.35P
Du- 280 + 0.10P. - 0.64P,
The store wishes to determine the selling price that maximizes revenue for these two products. Develop the revenue function R (in terms of P, and P, only) for these two models, and find the revenue
maximizing prices (in dollars). (Round your answers to two decimal places.)
Revenue
Price for Sky Eagle
Ps = $
Price for Horizon
PH =
Optimal revenue
R = $
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