macroeconomics

posted by .

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.

  • macroeconomics -

    Axelle

  • macroeconomics -

    cfff

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. statistics

    A maker has the opportunity to purchase several acres of land that is divided up into several lots for building single-family homes. It is known that the average sale price of all of the lots is $80,000 and the standard deviation of …
  2. Math

    Professional Security Systems purchased 5 dozen dead-bolt lock sets from a manufacturer for $255. If the company's markup rate is 28% of the selling price, what is the selling price of each lock set?
  3. economics

    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 …
  4. economics

    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 …
  5. math

    the courier service company has found that their time of parcels to client is normally distributed with a mean of 45 minutes and a standard deviation of 8 minutes. the probability that a randomly selected parcel will take less than …
  6. math

    a parcel has a mass of 794g, estimate the mass of 32 of these parcels together
  7. math

    A parcel has a mass of 794g. Estimate the mass of 32 of these parcels together
  8. Business Math

    You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The shops sell 12 racing bikes per week at a retail price of $679.99. Recently, you put the bikes on sale at $599.99. At the sale price, 15 …
  9. Business Math

    You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The shops sell 12 racing bikes per week at a retail price of $679.99. Recently, you put the bikes on sale at $599.99. At the sale price, 15 …
  10. Maths lit

    A parcel has a mass of 794g estimate the mass of 32 of these parcels together

More Similar Questions