A Housing Development A housing contractor has subdivided a farm into 100 building lots. She has designed two types of homes for these lots: colonial and ranch style. A colonial requires $30,000 of capital and produces a profit of $4000 when sold. A ranchstyle house requires $40,000 of capital and provides an $8000 profit. If the contractor has $3.6 million of capital on hand, how many houses of each type should she build for maximum profit? Will any of the lots be left vacant?
A Housing Development A housing contractor has subdivided a farm into 100 building lots. She has designed two types of homes for these lots: colonial and ranch style. A colonial requires $30,000 of capital and produces a profit of $4000 when sold. A ranchstyle house requires $40,000 of capital and provides an $8000 profit. If the contractor has $3.6 million of capital on hand, how many houses of each type should she build for maximum profit? Will any of the lots be left vacant?
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter5: Systems Of Equations And Inequalities
Section: Chapter Questions
Problem 6P
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A Housing Development A housing contractor has subdivided a farm into 100 building lots. She has designed two types of homes for these lots: colonial and ranch style. A colonial requires $30,000 of capital and produces a profit of $4000 when sold. A ranchstyle house requires $40,000 of capital and provides an $8000 profit. If the contractor has $3.6 million of capital on hand, how many houses of each type should she build for maximum profit? Will any of the lots be left vacant?
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