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. D = demand for the Sky Eagle Ps= selling price of the Sky Eagle DH demand for the Horizon PH = selling price of the Horizon Revenue Ds = 227 -0.60P + 0.35PH DH=275 + 0.10P - 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 P and P only) for these two models, and find the prices (in dollars) that maximizes revenue. (Round your answers to two decimal places.) 227P§−0.6(P)² +0.45PPµ+275Pµ−0.64(Pµ)² Price for Sky Eagle Price for Horizon Optimal revenue R = Ps PH = $ R = $ = $ X X X

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. D = demand for the Sky Eagle Ps= selling price of the Sky Eagle DH demand for the Horizon PH = selling price of the Horizon Revenue Ds = 227 -0.60P + 0.35PH DH=275 + 0.10P - 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 P and P only) for these two models, and find the prices (in dollars) that maximizes revenue. (Round your answers to two decimal places.) 227P§−0.6(P)² +0.45PPµ+275Pµ−0.64(Pµ)² Price for Sky Eagle Price for Horizon Optimal revenue R = Ps PH = $ R = $ = $ X X X

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...

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