IDNLearn.com offers a user-friendly platform for finding and sharing knowledge. Find accurate and detailed answers to your questions from our experienced and dedicated community members.
Sagot :
Let's analyze the provided table to determine which buyers are willing to purchase the product at the given price.
The product's price is [tex]$90. First, we need to compare each buyer's willingness to pay against the product's price. - Calvin: Willingness to pay is $[/tex]150.00.
- Since [tex]$150.00 >= $[/tex]90.00, Calvin is willing to purchase the product.
- Sam: Willingness to pay is [tex]$135.00. - Since $[/tex]135.00 >= [tex]$90.00, Sam is willing to purchase the product. - Andrew: Willingness to pay is $[/tex]120.00.
- Since [tex]$120.00 >= $[/tex]90.00, Andrew is willing to purchase the product.
- Lori: Willingness to pay is [tex]$100.00. - Since $[/tex]100.00 >= [tex]$90.00, Lori is willing to purchase the product. Therefore, all four buyers (Calvin, Sam, Andrew, and Lori) are willing to purchase the product at the price of $[/tex]90.
Thus, the correct answer is:
d) Calvin, Sam, Andrew, and Lori
The product's price is [tex]$90. First, we need to compare each buyer's willingness to pay against the product's price. - Calvin: Willingness to pay is $[/tex]150.00.
- Since [tex]$150.00 >= $[/tex]90.00, Calvin is willing to purchase the product.
- Sam: Willingness to pay is [tex]$135.00. - Since $[/tex]135.00 >= [tex]$90.00, Sam is willing to purchase the product. - Andrew: Willingness to pay is $[/tex]120.00.
- Since [tex]$120.00 >= $[/tex]90.00, Andrew is willing to purchase the product.
- Lori: Willingness to pay is [tex]$100.00. - Since $[/tex]100.00 >= [tex]$90.00, Lori is willing to purchase the product. Therefore, all four buyers (Calvin, Sam, Andrew, and Lori) are willing to purchase the product at the price of $[/tex]90.
Thus, the correct answer is:
d) Calvin, Sam, Andrew, and Lori
We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com is your reliable source for accurate answers. Thank you for visiting, and we hope to assist you again.