Pack-Em-In has another development in the works. If it builds 30 houses in this development, it will be able to sell them at $460,000 each, but if it builds 120 houses, it will get only $280,000 each. Obtain a linear demand equation. (Let p be the price of a house and q the number of houses.)
1.) Find p(q)= ?
2.) Determine how many houses it should build to get the largest revenue?
3.) What is the largest possible revenue?
PLEASE HELP ME!!!
Thank you.
1.) Find p(q)= ?
2.) Determine how many houses it should build to get the largest revenue?
3.) What is the largest possible revenue?
PLEASE HELP ME!!!
Thank you.