Question: A real estate developer has determined that lots such as those described in Exercise 13 can be sold for $0.50 per square meter. The demand
A real estate developer has determined that lots such as those described in Exercise 13 can be sold for $0.50 per square meter. The demand is proportional to the length of the property along the river; the number he can sell in a year is numerically half of that length. What property dimensions maximize his revenue, and how many would he sell in that case? (Remember that the number sold must be an integer.) What is the maximum revenue?
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As in Exercise 13 the dimensions of the lot are x meters perpendicular to the river and 140... View full answer
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