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 it builds 20 houses in this particular development, it can sell them for $320,000 each, but if it builds 70 houses, it will only be able to get $120,000 each. Obtain a linear demand equation. (Let p be the price of a house and q the number of houses.)
q(p) =
Determine how many houses Pack-Em-In should build to get the largest revenue. houses
What is the largest possible revenue? $