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. Ds demand for the Sky Eagle P selling price of the Sky Eagle DH demand for the Horizon PH selling price of the Horizon Ds 223 -0.60P + 0.35PH DH=265 +0.10Ps - 0.64PH 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 Price for Horizon Optimal revenue Juch R = Ps (223-0.60Ps+0.35PH) +PH (265+0.10PS-0.64PH) Ps= $ 309.24 PH = $ 315.75 R = $77244.46 X x X
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. Ds demand for the Sky Eagle P selling price of the Sky Eagle DH demand for the Horizon PH selling price of the Horizon Ds 223 -0.60P + 0.35PH DH=265 +0.10Ps - 0.64PH 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 Price for Horizon Optimal revenue Juch R = Ps (223-0.60Ps+0.35PH) +PH (265+0.10PS-0.64PH) Ps= $ 309.24 PH = $ 315.75 R = $77244.46 X x X
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text: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.
Ds = demand for the Sky Eagle
Ps= selling price of the Sky Eagle
DH = demand for the Horizon
PH
= selling price of the Horizon
Revenue
Ds = 223 - 0.60PS + 0.35PH
DH= = 265 + 0.10Ps - 0.64PH
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 PH only) for these two models, and find the revenue maximizing prices (in dollars). (Round
your answers to two decimal places.)
Price for Sky Eagle
Price for Horizon
Optimal revenue
R =
Ps (223 -0.60P+ 0.35P₁ +PH (265 +0.10P - 0.64P
н'
Ps
= $309.24
= $ 315.75
H
R = $77244.46
xxx
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