Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Revenue Pack-Em-In has another development in the works. If it builds 40 houses in this development, it will be able to sell them at $400,000

Revenue Pack-Em-In has another development in the works. If it builds 40 houses in this development, it will be able to sell them at $400,000 each, but if it builds 120 houses, it will get only $240,000 each. Obtain a linear demand equation. (Let p be the price of a house and q the number of houses.)p(q) =

Determine how many houses it should build to get the largest revenue. housesWhat is the largest possible revenue (in dollars)?$

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra With Applications

Authors: Gareth Williams

8th Edition

1449679579, 9781449679576

More Books

Students also viewed these Mathematics questions

Question

Speak clearly and distinctly with moderate energy

Answered: 1 week ago

Question

Get married, do not wait for me

Answered: 1 week ago