Suppose that there are three beachfront parcels of land available for sale in Asilomar and six people who would each like to purchase one parcel. Assume that the parcels are essentially identical and that the minimum selling price of each is $600,000. The table below reflects the willingness and ability of each of the six people to purchase a parcel.

Dakota $900,000
Mark $800,000
Lucy $700,000
Axelle $500,000
Kirby $370,000
Briana $300,000
Which of these people will buy one of the three beachfront parcels? Check all that apply.

__ Briana
__ Dakota
__ Kirby
__ Axelle
__ Mark
__ Lucy

Assume that the three beachfront parcels are sold to the people that you indicated above. Suppose that a few days after the last of those beachfront parcels is sold, another essentially identical beachfront parcel becomes available for sale at a minimum price of $525,000. This fourth parcel _______ be sold, as ________ will purchase it from the seller for at least the minimum price.

Briana, Dakota, Kirby

will not, no one

Dakota, Mark, and Lucy

will not.....no one

4r

Lucy

econ

Dakota, Lucy and mark

This fourth parcel _axelle______ be sold, as _____briana___ will purchase it from the seller for at least the minimum price.

The answer is 14 protons.

To determine which of the six people will buy one of the three beachfront parcels, we need to compare their willingness and ability to purchase a parcel with the minimum selling price of $600,000.

Looking at the table:

- Dakota is willing and able to pay $900,000, which is more than the minimum price, so Dakota will buy a parcel.
- Mark is willing and able to pay $800,000, which is also more than the minimum price, so Mark will buy a parcel.
- Lucy is willing and able to pay $700,000, again more than the minimum price, so Lucy will buy a parcel.
- Axelle is willing to pay $500,000, which is less than the minimum price, so Axelle will not buy a parcel.
- Kirby is willing to pay $370,000, which is also less than the minimum price, so Kirby will not buy a parcel.
- Briana is willing to pay $300,000, which is significantly less than the minimum price, so Briana will not buy a parcel.

Therefore, the people who will buy one of the three beachfront parcels are Dakota, Mark, and Lucy.

Now, let's consider the fourth parcel that becomes available for sale at a minimum price of $525,000. We need to determine if any of the remaining three people - Axelle, Kirby, and Briana - are willing to purchase it at this price.

- Axelle is willing to pay up to $500,000, which is less than the minimum price of $525,000, so Axelle will not purchase it.
- Kirby is willing to pay up to $370,000, which is also less than the minimum price, so Kirby will not purchase it.
- Briana is willing to pay up to $300,000, which is significantly less than the minimum price, so Briana will not purchase it.

Therefore, the fourth parcel will not be sold as no one from the remaining three people is willing to purchase it for at least the minimum price.

Dakota, Mark and Lucy.

Dakota,Mark and Lucy