Question: 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. D

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 = 225 0.60PS + 0.35PH

DH = 280 + 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 to two decimal places.)

Revenue

R

=

Price for Sky Eagle

PS

=$ Price for Horizon

PH

=$ Optimal revenue

R

=$

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