Answered: A Housing Development A housing…

Name: A Housing Development A housing contractor has subdivided a farm into
Uploaded: 2024-03-20T07:07:26.000Z
Channel: Bartleby
Description: A Housing Development A housing contractor has subdivided a farm into 100 building lots. She has designed two types of homes for these lots: colonial and ranch style. A colonial requires $30,000 of capital and produces a profit of $4000 when sold. A

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter5: Linear Inequalities

Section5.6: Graphing Ineualities In Two Variables

Problem 29PPS

See similar textbooks

Related questions

Topic Video

Question

A Housing Development A housing contractor has subdivided a farm into 100 building lots. She has designed two types of homes for these lots: colonial and ranch style. A colonial requires $30,000 of capital and produces a profit of $4000 when sold. A ranchstyle house requires $40,000 of capital and provides an $8000 profit. If the contractor has $3.6 million of capital on hand, how many houses of each type should she build for maximum profit? Will any of the lots be left vacant?

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 5 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Optimization$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.

Similar questions