MATH 1324-Pack-EM-In Real Estate is building a new housing development.

| February 14, 2018

1. 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 40 houses in this particular development, it can sell them for $200,000 each, but if it builds 70 houses it will only be able to get $140,000 eacha.) Create a linear demand equation (p) for the price of homes as function of the quantity of homes (q).b.) Create a Revenue functionc.) How many houses should Pack-EM-IN build to get the largest revenue?d.) What is the largest possible revenue?

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