Question: Dim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demand for these two cameras are as follows (s-demand for the Sky

Dim's Camera shop sells two high-end cameras, the
Dim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demand for these two cameras are as follows (s-demand for the Sky Eagle P is the selling price of the Sky Eagle, OH is the demand for the Horizon and Pw is the selling price of the Horizon): i - 220 - 05 Fi + 015 PM DH - 275 +0.2 P - 0.52 PH The store wishes to determine the selling price that maximizes revenue for these two products. Select the revenue function for these two models. Choose the correct answer below. (1) P. Os + PHDH - PH(275 -0.2 Ps -0.52 P.) + Ps(220 - 0.5 Ps+0.15 PH) (1) P: Ds - PHOH - Ps(220 - 0.5 Ps +0.15 P PH(275 -0.2P, -0.52 PH) (ii) P. Di + PHDH - P(220.0.5 Ps + 0.15 P) + PH(275+ 0.2 0.52 PM) (iv) P, D, PHDH - Ps(220 +0.5 P +0.15 PH). PH(275.0.2 P. 0.52 PH) Option (m) Find the prices that maximize revenue If required, round your answers to two decimal places. Optimal Solution: Selling price of the Sky Eagle (Ps): $ 260 Selling price of the Horizon (): $ 365.92 Revenue 95390.60 3

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