Anwers 8 and 9 8.0/50 Submissions UsedPack-Em-In Real Estate is building a new housing development. The more houses it builds, the less people will be willing to pay, due to the crowding and smaller lot sizes. In fact, if it builds 20 houses in this particular development, it can sellthem for $360,000 each, but if it builds 70 houses, it will only be able to get $260,000 each. Obtain a linear demand equation. (Let p be the price of a house and q the number of houses.)q(p) =Determine how many houses Pack-Em-In should build to get the largest revenue.housesWhat is the largest possible revenue?$9.0/50 Submissions UsedWebsite Profit You operate a gaming website, www.mudbeast.net, where users must pay a small fee to log on. When you charged $3 the demand was 1100 log-ons per month. When you lowered the price to $2.50, the demand increasedto 1375 log-ons per month.(a) Construct a linear demand function for your website and hence obtain the monthly revenue R as a function of the log-on fee x.R(x) =(b) Your Internet provider charges you a monthly fee of $50 to maintain your site. Express your monthly profit P as a function of the log-on fee x.P(x) =Determine the log-on fee you should charge to obtain the largest possible monthly profit (in dollars).X = $What is the largest possible monthly profit (in dollars)?2$

Given that if 20 houses are build it can be sold for 360000 and if 70 houses are build it can be…

Pack-Em-In Real Estate is building a new housing development. The more houses it builds, the less people will be willing to pay, due to the crowding and smaller lot sizes. In fact, if it builds 20 houses in this particular development, it can sell them for $360,000 each, but if it builds 70 houses, it will only be able to get $260,000 each. Obtain a linear demand equation. (Let p be the price of a house and q the number of houses.) qlp) = Determine how many houses Pack-Em-In should build to get the largest revenue. houses What is the largest possible revenue? 24

Pack-Em-In Real Estate is building a new housing development. The more houses it builds, the less people will be willing to pay, due to the crowding and smaller lot sizes. In fact, if it builds 20 houses in this particular development, it can sell them for $360,000 each, but if it builds 70 houses, it will only be able to get $260,000 each. Obtain a linear demand equation. (Let p be the price of a house and q the number of houses.) qlp) = Determine how many houses Pack-Em-In should build to get the largest revenue. houses What is the largest possible revenue? 24

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 23EQ: 23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes...

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