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 = 265 +0.10Ps - 0.64Pp H 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) s PH that maximizes revenue. (Round your answers to two decimal places.) Revenue R = Price for Sky Eagle P = $ S Price for Horizon PH = $ Optimal revenue R = $

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 = 265 +0.10Ps - 0.64Pp H 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) s PH that maximizes revenue. (Round your answers to two decimal places.) Revenue R = Price for Sky Eagle P = $ S Price for Horizon PH = $ Optimal revenue R = $

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter4: Linear Programming Models

Section: Chapter Questions

Problem 88P

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