The Wii is a wildly popular home video game console released by Nintendo. The Wii system was first available in the U.S. in November, 2006 and has sold more than 30 million units as of August 2010. The Wii retails for $199. Suppose Ahmed is willing to pay $230, Lana is willing to pay $175, and Bodie is willing to pay $300 for a Wii. Who will purchase a Wii?
A) Ahmed and Bodie
B) Ahmed
C) Lana
D) Ahmed, Bodie, and Lana

Question

Quizplus · Accepted Answer

The highest price willing to be paid is $300 by Bodie. Since the retail price of the Wii is only $199, both Ahmed and Bodie are willing to pay more than the retail price, making them potential buyers. Lana, on the other hand, is only willing to pay $175 which is less than the retail price, making her an unlikely buyer. Therefore, only Ahmed and Bodie will purchase a Wii.

The Wii Is a Wildly Popular Home Video Game Console