Multiple Choice
Your company manufactures two models of stereo speakers, the Ultra Mini and the Big Stack. Demand for each depends partly on the price of the other. If one is expensive then more people will buy the other. If p 1 is the price per pair of the Ultra Mini and p 2 is the price of the Big Stack, demand for the Ultra Mini is given by 
where q 1 represents the number of pairs of Ultra Minis that will be sold in a year. The demand for the Big Stack is given by 
Find the prices for the Ultra Mini and the Big Stack that will maximize your total revenue. Round your answer to the nearest dollar.
A) $631 for Ultra Mini and $1,313 for Big Stack
B) $646 for Ultra Mini and $1,260 for Big Stack
C) $1,313 for Ultra Mini and $631 for Big Stack
D) $1,260 for Ultra Mini and $646 for Big Stack
E) $1,413 for Ultra Mini and $631 for Big Stack
Correct Answer:
Verified
Correct Answer:
Verified
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