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)?
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CT: Test
Problem 19CT
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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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