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

question 92

Multiple Choice

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 $160,000 each, but if it builds 70 houses, it will be able to get only $150,000 each. What is the largest possible revenue the company can get Round your answer to the nearest dollar. ?

• A)$11,000,000
• B) ?$11,856,000
• C) ?$363,000
• D) ?$12,100,000
• E) ?$12,226,000

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Definitions:

Microscopic Alienation

The sense of estrangement or disconnection experienced at a personal or individual level, often in relation to work or societal norms.

Objective-Subjective Continuum

A spectrum that represents the range from objective, fact-based perspectives to subjective, personal interpretations.

Material Phenomena

Events or occurrences that are tangible and can be observed or measured in the physical world.

George Ritzer

A renowned sociologist best known for his work on the McDonaldization of society, which critiques consumer culture and the homogenization of everyday life.