Solved

Pack-Em-In Real Estate Is Building a New Housing Development

Question 17

Short Answer

Pack-Em-In Real Estate is building a new housing development. The more houses it builds, the less people will be willing to pay, due to the crowding and smaller lot sizes. In fact, if the company builds 60 houses in this particular development, it can sell them for $190,000 each, but if it builds 70 houses, it will be able to get only $170,000 each. What is the largest possible revenue the company can get

$ __________

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions