Your company manufactures two models of speakers, the Ultra Mini and the Big Stack. Demand for...

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Your company manufactures two models of speakers, the Ultra Mini and the Big Stack. Demand for each depends partly on the price of the other. If one is expensive, then more people will buy the other. If p, is the price of the Ultra Mini, and p, is the price of the Big Stack, demand (quantity sold) for the Ultra Mini is given by 4-100,000-500p, 10p, where a, represents the number of Ultrs Minis that will be sold in a year. The demand (quantity sold) for the Big Stack is given by 150,000+ 10p, -500p, Find the prices for the Ultra Mini and the Big Stack that will maximize your total revenue. Remember that revenue for each itern is price quantity (Round your answers to twt deomal places) P₁=1 Your company manufactures two models of speakers, the Ultra Mini and the Big Stack. Demand for each depends partly on the price of the other. If one is expensive, then more people will buy the other. If p, is the price of the Ultra Mini, and p, is the price of the Big Stack, demand (quantity sold) for the Ultra Mini is given by 4-100,000-500p, 10p, where a, represents the number of Ultrs Minis that will be sold in a year. The demand (quantity sold) for the Big Stack is given by 150,000+ 10p, -500p, Find the prices for the Ultra Mini and the Big Stack that will maximize your total revenue. Remember that revenue for each itern is price quantity (Round your answers to twt deomal places) P₁=1

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To maximize the total revenue we need to find the values of p1 and p2 that maximize ... View the full answer