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A store sells two brands of camping chairs. The store pays $80 for each brand A chair and $20 for each brand B chair. The

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A store sells two brands of camping chairs. The store pays $80 for each brand A chair and $20 for each brand B chair. The research department has estimated thi the weekly demand equations for these two competitive products to be the following, where p is the selling price for brand A, q is the selling price for brand B, and and y are the average number of chairs sold per week. Complete parts (A) and (B) below. x = 1185 - 3p+q Demand equation for brand A y = 489 + p -4q Demand equation for brand B (A) Determine the demands for x and y when p = $150 and q= $110. The demand for x will be (Type a whole number.) The demand for y will be (Type a whole number.) Determine the demands for x and y when p = $190 and q = $80. The demand for x will be (Type a whole number.) The demand for y will be. (Type a whole number.) (B) How should the store price each chair to maximize weekly profits? What is the maximum weekly profit? [Hint: C = 80x + 20y, R = px + qy, and P = R - C.] The equation for P is P(p,q) =] Scre To maximize profit, the brand A chair should be priced at $ and the brand B chair should be priced at $ (Type integers or decimals rounded to two decimal places as needed.) The maximum weekly profit is $ per week . (Type an integer or decimal rounded to two decimal places as needed.) lock Submit test Announcements (0) No announcements during the selected timeframe. Past Due Assignments (0) No past due assignments during the selected timeframe Current Assignments (1) ~ DEC Final Alternative Assessment

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