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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 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 =2250.60PS +0.35PH
DH =260+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
=
Incorrect: Your answer is incorrect.
Price for Sky Eagle
PS
= $
303.71
Correct: Your answer is correct.
Price for Horizon
PH
= $
309.90
Correct: Your answer is correct.
Optimal revenue
R
= $
74454.44
Correct: Your answer is correct.

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