Question

Problem 13-5 im's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demand for these two cameras are as follows (Ds - demand for the Sky Eagle, Ps is the selling price of the Sky Eagle, DH is the demand for the Horizon and PH is the selling price of the Horizon) Ds-225-0.6Ps +0.3PH DH-270 +0.1Ps-0.58PH The store wishes to determine the selling price that maximizes revenue for these two products. Develop the revenue function for these two models. Choose the correct answer below (i) PsDs +PHDH-PH(270 0.1Ps 0.58PH) +Ps(225-0.6Ps +0.3PH) (ii) PsDs PHDHPs(225-0.6Ps +0.3PH)-PH(270-0.1Ps - 0.58PH) (iii) PsDs +PHDH-Ps(225-0.6Ps 0.3PH PH (270 0.1Ps 0.58PH) (iv) PsDs PHDH P 2250.6Ps0.3P) PH(270 0.1Ps 0.58PH) Option (iii) Find the prices that maximize revenue If required, round your answers to two decimal places Optimal Solution: Selling price of the Sky Eagle (Ps): Selling price of the Horizon (PH): Revenue:

Answer 1

Qaua to 21 Hon a 359.1 ч-о.YPH 295 ь.upit z t341チ4 H3354 Seltinq rfce се Sell

guenue'. @trs, pH ) 205 Ps-06 Ps, ο'Y pgPH-+ Q4opH-0,58 PA 0.58( 335,y)