The first mechanic made $2000 for 10 hours. And the second mechanic made $1000 for 5 hours. So therefore if you add how much money they both made, how much moola would they be charged? just say something if you don't understand it.
The revenue is given by the product of the price and the demand function
- The revenue function for Sky Eagle is <u>RS = 229·PS - 0.60·PS² + 0.35·PS·PH</u>.
- The revenue function for Horizon is <u>RH = 269·PH + 0.10·PS·PH - 0.64·PH²</u>.
Reasons:
The given parameters are;
The demand function for the Sky Eagle, DS = 229 - 0.60·PS + 0.35·PH
The demand function for the Horizon, DH = 269 + 0.10·PS - 0.64·PH
The above demand functions gives the quantity demanded
Therefore, the revenue function is given by the product of the price and the demand function as follows;
RS = PS × DS = PS × (229 - 0.60·PS + 0.35·PH) = 229·PS - 0.60·PS² + 0.35·PS·PH
The revenue for Sky Eagle <u>RS = 229·PS - 0.60·PS² + 0.35·PS·PH</u>
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Revenue for Horizon is found as follows;
RH = PH ×(269 + 0.10·PS - 0.64·PH) = 269·PH + 0.10·PS·PH - 0.64·PH²
The revenue for Horizon, <u>RH = 269·PH + 0.10·PS·PH - 0.64·PH²</u>
Learn more demand function here:
brainly.com/question/16888880
(2x10)+(4x1)+(3x1/10)+(5x1/100)+(7x1/1000)
<span>1/10,1/100,1000 are fractions
Hope I Helped!!!</span>
