Business, 04.03.2020 01:17 nerikzagallegos

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. Which of these people will buy one of the three beachfront parcels?
A. Edison
B. Hilary
C. Kevin
D. Maria
E. Rajiv
F. SimoneAssume 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 $582,500. This fourth parcelbe sold becausewill purchase it from the seller for at least the minimum price.1) A. Will. B. Will not.2) A. No one. B. Ravi ($690,000).C. Maria ($720,000).D. Simone ($680,000).

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Suppose that there are three beachfront parcels of land available for sale in Asilomar and six peopl...

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