At Westonci.ca, we make it easy for you to get the answers you need from a community of knowledgeable individuals. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
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
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.