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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
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.
demand for the Sky Eagle
selling price of the Sky Eagle
demand for the Horizon
selling price of the Horizon
The store wishes to determine the selling price that maximizes revenue for these two products. Develop the revenue function in terms of
and only for these two models, and find the revenue maximizing prices in dollarsRound your answers to two decimal places.
Revenue
Price for Sky Eagle
Price for Horizon
Optimal revenue
$
$
$
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