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 90 houses, it will get only $300,000 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. _________houses What is the largest possible revenue (in dollars)?
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 90 houses, it will get only $300,000 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. _________houses What is the largest possible revenue (in dollars)?
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.10: Modeling Variation
Problem 48E
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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 90 houses, it will get only $300,000 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.
_________houses
What is the largest possible revenue (in dollars)?
$ _____
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