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In Manifold, Missouri (Pop

Question 38

Multiple Choice

In Manifold, Missouri (pop.1,000) , people all have the same tastes and they all like Buicks.Nobody wants more than one Buick, but a person with income $M is willing to pay about $.10M per year to have a Buick.Nobody in Manifold has an income greater than $50,000 and nobody has an income less than $10,000.For incomes, $M, between $10,000 and $50,000, the number of people with incomes greater than $M is about 1,250 - .025M.If it costs $2,000 a year to have a Buick, how many people in Manifold will demand Buicks?


A) 500
B) 750
C) 100
D) 600
E) 800

Correct Answer:

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