Question: In order to maximize its protits, it is taced with a decision as to how many goit courses it should build, which in turn will

In order to maximize its protits, it is taced with a decision as to how many goit courses it should build, which in turn will impact how many homes with and without golt course views it will be able to construct. Mackelprang, Inc., realizes that this decision is directly related to the premium buyers will be willing to spend to buy homes with golf course views. Mackelprang, Inc., is required to build at least one golf course, but has enough space to build up to three golf courses.

The following table indicates the costs

(

in millions

)

and potential revenues for each course:

In order to maximize its protits, it is taced

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