Business, 30.01.2021 09:30 bravoy

The Radio Shop sells two popular models of portable sports radios - model A and model B. The sales of these products are not independent of each other (in economics, these are called substitutable products, because if the price of one increases, sales of the other will increase). The store wants to establish a pricing policy to maximize revenue from these products. A study of price and sales data shows the following relationships between quantity sold (N) and prices (P) of each model (with the subscripts A and B denoting products A and B respectively

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The Radio Shop sells two popular models of portable sports radios - model A and model B. The sales o...

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