Problem

Revenue Pack-Em-In has another development in the works. If it builds...

Revenue Pack-Em-In has another development in the works. If it builds 50 houses in this development, it will be able to sell them at $190,000 each, but if it builds 70 houses, it will get only $170,000 each. Obtain a linear demand equation and hence determine how many houses it should build to get the largest revenue. What is the largest possible revenue?

Step-by-Step Solution

Request Professional Solution

Request Solution!

We need at least 10 more requests to produce the solution.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the solution will be notified once they are available.
Add your Solution
Textbook Solutions and Answers Search