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 = 223 0.60PS +0.35P DH DH= 260 +0.10P0.64PH
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 = ___
Price for Sky Eagle
Ps = $___
Price for Horizon
PH = $ ___
Optimal revenue
R = $___