Revenue 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 $230,000 each, but if it builds 110 houses, it will get only $150,000 each. Obtain a linear demand equation. (Let p be the price of a house and q the number of houses.)

p(q) = ?

Determine how many houses it should build to get the largest revenue.

? houses

What is the largest possible revenue (in dollars)?

$ ?

Answer rating: 100% (QA)

To obtain a linear demand equation we can use the two given data points 30 houses at 230000 and 110 ... View the full answer