Answered: A housing contractor has subdivided a…

Name: A housing contractor has subdivided a farm into 100 building lots. She
Uploaded: 2024-03-20T07:07:26.000Z
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Description: 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 ranch-style house requ

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section: Chapter Questions

Problem 5CT: A custom-blend bird seed is made by mixing two types of bird seeds costing $0.75 per pound and $1.25...

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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 ranch-style house requires $40,000 of capital and provides an $9000 profit. If the contractor has $3.8 million of capital on hand, how many houses of each type should she build for maximum profit?

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