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Jim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demands for these two cameras are as follows: De demand for the Sky Eagle, Ps is the selling price of the Sky . Eagle, D is the demand for the Horizon, and P Is the selling price of the Horizon. Ds = 223 0.60PS +/0.35PH DH = 273 +0.10Ps - 0.64PH The store wishes to determine the selling price that maximizes revenue for these two products. Develop the revenue function for these two models. (Enter your answer in terms of Ps and P4-) revenue = Find the prices that maximize revenue. (Round your answers to two decimal places.) (PS. PH) =

Jim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demands for these two cameras are as follows: De demand for the Sky Eagle, Ps is the selling price of the Sky . Eagle, D is the demand for the Horizon, and P Is the selling price of the Horizon. Ds = 223 0.60PS +/0.35PH DH = 273 +0.10Ps - 0.64PH The store wishes to determine the selling price that maximizes revenue for these two products. Develop the revenue function for these two models. (Enter your answer in terms of Ps and P4-) revenue = Find the prices that maximize revenue. (Round your answers to two decimal places.) (PS. PH) =

Advanced Engineering Mathematics
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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Jim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demands for these two cameras are as follows: D = demand for the Sky Eagle, Ps is the selling price of the Sky Eagle, D is the demand for the Horizon, and PH is the selling price of the Horizon. Ds = 223 -0.60PS +/0.35PH DH = 273 +0.10PS - 0.64PH The store wishes to determine the selling price that maximizes revenue for these two products. Develop the revenue function for these two models. (Enter your answer in terms of P and P.) revenue = Find the prices that maximize revenue. (Round your answers to two decimal places.) (PS, PH) =
Transcribed Image Text:Jim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demands for these two cameras are as follows: D = demand for the Sky Eagle, Ps is the selling price of the Sky Eagle, D is the demand for the Horizon, and PH is the selling price of the Horizon. Ds = 223 -0.60PS +/0.35PH DH = 273 +0.10PS - 0.64PH The store wishes to determine the selling price that maximizes revenue for these two products. Develop the revenue function for these two models. (Enter your answer in terms of P and P.) revenue = Find the prices that maximize revenue. (Round your answers to two decimal places.) (PS, PH) =
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