Jim's Camera shop sells two high - end cameras, the Sky Eagle and Horizon. The demands and
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Question:
Jim's Camera shop sells two highend 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 PS PH
DH PS PH
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 dollarsRound your answers to two decimal places.
Revenue
R
Price for Sky Eagle
PS
$
Price for Horizon
PH
$
Optimal revenue
R
$
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