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

$ __________

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Definitions:

Stereotype Threat

A psychological phenomenon where individuals fear they will be judged or treated based on negative stereotypes about their group, which can hinder their performance.

Anxiety

a feeling of worry, nervousness, or unease about something with an uncertain outcome, often characterized by physical symptoms.

Stereotype Threat

The risk of confirming negative stereotypes about one's social group, which can impair performance in areas related to those stereotypes.

Prejudiced

Having preconceived opinions that are not based on reason or actual experience.