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 = 226 0.60PS + 0.35PH DH = 270 + 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 = PH(0.64PH+0.1PS+270)+PS(0.35PH0.6PS+226) Correct: Your answer is correct. Price for Sky Eagle PS = $ Incorrect: Your answer is incorrect. Price for Horizon PH = $ Incorrect: Your answer is incorrect. Optimal revenue R = $ Incorrect: Your answer is incorrect.

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 PHI selling price of the Horizon = H DH H Ds 226 0.60Ps + 0.35P = 270 + 0.10Ps - 0.64P, 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 = PH(-0.64P + 0.1Ps+ 270) + P(0.35P 270) + P(0.35P 4 0.6P5 + 226 ') S Price for Sky Eagle x Ps = $ 286.51 H = $ 336.62 Price for Horizon x x Optimal revenue R = $ 77819.46 Need Help? Read It 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 PHI selling price of the Horizon = H DH H Ds 226 0.60Ps + 0.35P = 270 + 0.10Ps - 0.64P, 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 = PH(-0.64P + 0.1Ps+ 270) + P(0.35P 270) + P(0.35P 4 0.6P5 + 226 ') S Price for Sky Eagle x Ps = $ 286.51 H = $ 336.62 Price for Horizon x x Optimal revenue R = $ 77819.46 Need Help? Read It