Suppose that there are three plots of mountain resort land available for sale in Interlaken and six potential buyers, each interested in purchasing oneplot. Assume that all of the plots are basically indistinguishable and that the minimum selling price of each is $595,000. The following table lists eachpotential buyer's willingness and ability to purchase a plot of land.PersonWillingness and Ability to Purchase(Dollars)Amy660,000Carlos620,000Deborah570,000Felix540,000Janet530,000Van750,000Which of these people will purchase one of the three mountain resort plots? Check all that apply.☐☐☐☐☐☐AmyCarlosDeborahFelixJanetVanNow, assume that the three mountain plots have been sold to the people that you indicated in the previous section. Suppose that a few weeks afterthe last of those mountain plots is sold, another basically identical mountain plot goes on the market for sale at a minimum price of $582,500. Thisfourth plotwill purchase it from the seller for at least the minimum price.be sold, because

The maximum sum of money or other resources that a person is ready to trade in exchange for a…

plot. Assume that all of the plots are basically indistinguishable and that the minimum selling price of each is $595,000. The following table lists each potential buyer's willingness and ability to purchase a plot of land. Willingness and Ability to Purchase Person (Dollars) Amy 660,000 Carlos 620,000 Deborah 570,000 Felix 540,000 Janet 530,000 Van 750,000

plot. Assume that all of the plots are basically indistinguishable and that the minimum selling price of each is $595,000. The following table lists each potential buyer's willingness and ability to purchase a plot of land. Willingness and Ability to Purchase Person (Dollars) Amy 660,000 Carlos 620,000 Deborah 570,000 Felix 540,000 Janet 530,000 Van 750,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Arnold Van would like to buy some 'sala' set for his new house and Aaron, another consumer would also like to get one. The nearby department store sells a sala set for P35,500 and a local market reseller sells the same sala set for P 30,000 only. Arnold Van bought from the department store and Aaron from the local market. Can you propose reasons how these two people made different decisions?
Pls select the correct option and explain it.
Give typed solution only You are deciding whether to buy a car for $22,000 or to accept a lease agreement. The lease entails a $800 fee plus monthly payments of $260 for 48 months. Under the lease agreement, you are responsible for service on the car and insurance. At the end of the lease, you may purchase the car for $9000. Does the total cost of purchasing the car at the end of the lease agreement exceed the cost of purchasing the car at the outset? A.Yes, the total cost of the car at the end of the lease is B.No, the total cost of the car at the end of the lease is
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