Question: A contractor builds two types of homes. The first type requires one lot, $12,000 capital, and 150 labor-days to build and is sold for a
A contractor builds two types of homes. The first type requires one lot, $12,000 capital, and 150 labor-days to build and is sold for a profit of $2400. The second type of home requires one lot, $32,000 capital, and 200 labor-days to build and is sold for a profit of $3400. The contractor owns 150 lots and has available for the job $2,880,000 capital and 24,000 labor-days. How many homes of each type will realize the greatest profit?
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First type Second type Available Lots 1 1 150 Capital 12000 32000 2880000 Labor 150 labo... View full answer
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