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 Ds = 229 -0.60Ps + 0.35PH DH=270+ 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 places.) Revenue Price for Sky Eagle Price for Horizon Optimal revenue R 270-1.28P +0.45P PS = $ PH=$ R = $ 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 Ps= selling price of the Sky Eagle DH demand for the Horizon PH selling price of the Horizon Ds = 229 -0.60Ps + 0.35PH DH=270+ 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 places.) Revenue Price for Sky Eagle Price for Horizon Optimal revenue R 270-1.28P +0.45P PS = $ PH=$ R = $ X
Chapter4: Systems Of Linear Equations
Section4.3: Solve Mixture Applications With Systems Of Equations
Problem 4.60TI: The manufacturer of a weight training bench spends $120 to build each bench and sells them for $170....
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