Question
Suppose that you have begun to gather some demographic data in order to project the potential sales of a new development project. The developer hopes
Suppose that you have begun to gather some demographic data in order to project the potential sales of a new development project. The developer hopes to be able to target the following household types who fall in the upper 10% of income brackets: Empty Nesters, Single Parents, and Unrelated Individuals. Utilizing the following population information, determine the core market share that the development project yearns to target with this project:
Total Owner Occupant Households: 48,000
Traditional Families in the Upper 10% of Income Brackets: 25,000
Empty Nesters in the Upper 10% of Income Brackets: 5,000
Single Parents in the Upper 10% of Income Brackets: 10,000
Unrelated Individuals in the Upper 10% of Income Brackets: 8,000.
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
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