Answer :
To determine which of the potential buyers will purchase one of the three mountain resort plots based on the given table and the minimum selling price of [tex]$570,000, we need to look at each buyer's willingness and ability to spend.
Given data:
- Minimum selling price: $[/tex]570,000
Let's analyze the willingness and ability of each prospective buyer:
- Alex is willing to spend [tex]$590,000 (which is equal to or more than the minimum price) - Becky is willing to spend $[/tex]550,000 (which is less than the minimum price)
- Clancy is willing to spend [tex]$510,000 (which is less than the minimum price) - Eileen is willing to spend $[/tex]500,000 (which is less than the minimum price)
- Raphael is willing to spend [tex]$700,000 (which is equal to or more than the minimum price) - Susan is willing to spend $[/tex]630,000 (which is equal to or more than the minimum price)
Based on this evaluation, the buyers who can meet or exceed the minimum price of $570,000 are:
- Alex
- Raphael
- Susan
Therefore, the people who will purchase one of the plots are Alex, Raphael, and Susan.
Let's analyze the willingness and ability of each prospective buyer:
- Alex is willing to spend [tex]$590,000 (which is equal to or more than the minimum price) - Becky is willing to spend $[/tex]550,000 (which is less than the minimum price)
- Clancy is willing to spend [tex]$510,000 (which is less than the minimum price) - Eileen is willing to spend $[/tex]500,000 (which is less than the minimum price)
- Raphael is willing to spend [tex]$700,000 (which is equal to or more than the minimum price) - Susan is willing to spend $[/tex]630,000 (which is equal to or more than the minimum price)
Based on this evaluation, the buyers who can meet or exceed the minimum price of $570,000 are:
- Alex
- Raphael
- Susan
Therefore, the people who will purchase one of the plots are Alex, Raphael, and Susan.