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 $240,000 each, but if it builds 90 houses, it will get only $190,000 each. Obtain a linear demand equation. (Let p be the price of a house and q the number of houses.)
Determine how many houses it should build to get the largest revenue?
What is the largest possible revenue?
Determine how many houses it should build to get the largest revenue?
What is the largest possible revenue?