Homework Answers
ANSWER:
1) The three people that will buy the beach front land are:
a) jake
b) latasha
c) nick
these 3 will purchase because they are willing to purchase for more then the minimum price.
2) will , rosa ( because she is willing to pay the minimum of $550,000)
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16. How prices allocate resources Suppose that there are three beachfront parcels of land available for...
16. How prices allocate resources 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 $570,000. The following table states each person's willingness and ability to purchase a parcel. Person Dmitri Frances Willingness and Ability to Purchase (Dollars) 700,000 630,000 590,000 550,000 510,000 500,000 Jake Latasha Nick Rosa Which...
16. How prices allocate resources Suppose that there are three beachfront parcels of land available for...
16. How prices allocate resources Suppose that there are three beachfront parcels of land available for sale in Huntington 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 $570,000. The following table states each person's willingness and ability to purchase a parcel Willingness and Ability to Purchase (Dollars) 550,000 510,000 500,000 700,000 630,000 590,000 Alyssa Brian Crystal Nick Rosa Tim Which of...
16. How prices allocate resources Suppose that there are three beachfront parcels of land available for...
16. How prices allocate resources 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 $570,000. The following table states each person's willingness and ability to purchase a parcel Hubert Kate Manuel Poornima Shen Valerie Willingness and Ability to Purchase (Dollars) 700,000 630,000 590,000 550,000 510,000 500,000 Which of...
15. How prices allocate resources Suppose that there are three beachfront parcels of land available for...
15. How prices allocate resources Suppose that there are three beachfront parcels of land available for sale in Huntington 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 $570,000. The following table states each person's willingness and ability to purchase a parcel Amy Carlos Deborah Felix Janet Van Willingness and Ability to Purchase (Dollars) 630,000 590,000 550,000 510,000 500,000 700,000 Which of...
15. How prices allocate resources Suppose that there are three beachfront parcels of land available for...
15. How prices allocate resources Suppose that there are three beachfront parcels of land available for sale in Huntington 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 $570,000. The following table states each person's willingness and ability to purchase a parcel. Willingness and Ability to Purchase (Dollars) Andrew 700,000 Beth 630,000 Darnell 590,000 Eleanor 550,000 Jacques 510,000 Kyoko 500,000 Which of...
16. How prices allocate resources Suppose that there are three beachfront parcels of land available for...
16. How prices allocate resources 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 $400,000. The following table states each person's willingness and ability to purchase a parcel. Person Antonio Caroline Willingness and Ability to Purchase (Dollars) 550,000 480,000 420,000 380,000 340,000 330,000 Dmitri Frances Jake Latasha Which...
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
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...
1. Price as a rationing device Suppose that there are three beachfront parcels of land available...
1. Price as a rationing device 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 $445,000. The following table states each person's willingness and ability to purchase a parcel. Hubert Kate Manuel Poornima Shen Valerie Willingness and Ability to Purchase (Dollars) 600,000 510,000 470,000 420,000 390,000 380,000 Which...
Suppose that there are three beachfront parcels of land available for sale in Huntington and six...
Suppose that there are three beachfront parcels of land available for sale in Huntington 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 $445,000. The following table states each person's willingness and ability to purchase a parcel. Which of these people will buy one of the three beachfront parcels? Check all that apply. Charles Dina Gilberto Juanita Lorenzo Neha Assume that the...
15. How prices allocate resources Suppose that there are three beachfront parcels of land available for...
15. How prices allocate resources
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 $595,000.
The following table states each person's willingness and ability to
purchase a parcel.
Which of these people will buy one of the three beachfront
parcels? Check all that apply.
Edison
Hilary
Kevin
Maria...
16. How prices allocate resources 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 $570,000. The following table states each person's willingness and ability to purchase a parcel. Person Dmitri Frances Willingness and Ability to Purchase (Dollars) 700,000 630,000 590,000 550,000 510,000 500,000 Jake Latasha Nick Rosa Which...
16. How prices allocate resources Suppose that there are three beachfront parcels of land available for sale in Huntington 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 $570,000. The following table states each person's willingness and ability to purchase a parcel Willingness and Ability to Purchase (Dollars) 550,000 510,000 500,000 700,000 630,000 590,000 Alyssa Brian Crystal Nick Rosa Tim Which of...
16. How prices allocate resources 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 $570,000. The following table states each person's willingness and ability to purchase a parcel Hubert Kate Manuel Poornima Shen Valerie Willingness and Ability to Purchase (Dollars) 700,000 630,000 590,000 550,000 510,000 500,000 Which of...
15. How prices allocate resources Suppose that there are three beachfront parcels of land available for sale in Huntington 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 $570,000. The following table states each person's willingness and ability to purchase a parcel Amy Carlos Deborah Felix Janet Van Willingness and Ability to Purchase (Dollars) 630,000 590,000 550,000 510,000 500,000 700,000 Which of...
16. How prices allocate resources 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 $400,000. The following table states each person's willingness and ability to purchase a parcel. Person Antonio Caroline Willingness and Ability to Purchase (Dollars) 550,000 480,000 420,000 380,000 340,000 330,000 Dmitri Frances Jake Latasha Which...
1. Price as a rationing device 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 $445,000. The following table states each person's willingness and ability to purchase a parcel. Hubert Kate Manuel Poornima Shen Valerie Willingness and Ability to Purchase (Dollars) 600,000 510,000 470,000 420,000 390,000 380,000 Which...
Suppose that there are three beachfront parcels of land available for sale in Huntington 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 $445,000. The following table states each person's willingness and ability to purchase a parcel. Which of these people will buy one of the three beachfront parcels? Check all that apply. Charles Dina Gilberto Juanita Lorenzo Neha Assume that the...
15. How prices allocate resources
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 $595,000.
The following table states each person's willingness and ability to
purchase a parcel.
Which of these people will buy one of the three beachfront
parcels? Check all that apply.
Edison
Hilary
Kevin
Maria...
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