Question: Hello, I prefer word doc. OR clear(readable) handwriting, step-by-step explanations. Thank you! 1. A company sells two models of a product, Model A and Model

Hello, I prefer word doc. OR clear(readable) handwriting, step-by-step explanations. Thank you!

1. A company sells two models of a product, Model A and Model B. The sales of these models are dependent on each other. The company wants to establish a pricing policy to maximize revenue from these models. A study of price and sales data shows the following relationships between the quantity sold (N) and prices (P) of each model:

N_A = 30 0.58P_A + 0.35P_B

N_B = 42 + 0.15P_A - 0.60P_B

a. Construct a mathematical model for the total revenue.

b. What is the predicted revenue if P_A = $28 and P_B = $32?

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