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Please make sure to input the correct numbers from this problem into excel, especially Ds and Dh. I will upvote. Thank you. Jim's Camera shop
Please make sure to input the correct numbers from this problem into excel, especially Ds and Dh. I will upvote. Thank you.
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 = 275 + 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. -0.64P 4+ 0.1Ps+275) + P s (0.35P 4 0.6Ps +226) - H S H Price for Sky Eagle X PS = $ 303 PH = $ 317 Price for Horizon X x Optimal revenue R = $ 76681 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 = 275 + 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. -0.64P 4+ 0.1Ps+275) + P s (0.35P 4 0.6Ps +226) - H S H Price for Sky Eagle X PS = $ 303 PH = $ 317 Price for Horizon X x Optimal revenue R = $ 76681Step by Step Solution
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