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uppose 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 t

uppose 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 $575,000. The following table states each person's willingness and ability to purchase a parcel. Person Willingness and Ability to Purchase (Dollars) Darnell 750,000 Eleanor 660,000 Jacques 600,000 Kyoko 550,000 Musashi 520,000 Rina 510,000 Which of these people will buy one of the three beachfront parcels? Check all that apply. Darnell Eleanor Jacques Kyoko Musashi Rina Assume that the three beachfront parcels are sold to the people that you indicated in the previous section. 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 $535,000. This fourth parcel be sold, because will purchase it from the seller for at least the minimum price.

Suppose that there are three beachfront parcels of land available for sale in Asilomar and six people who would each like to

Apr 16 2021 View more View Less

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