Assume that a person's income directly affects their purchasing power for a particular product. We have a customer named John who has a per capita income of $35,102 that is looking to buy a new car. If the current US population is 335,707,897, the current per capita income is $40,363, and total new car sales in 2022 were $1,131,009,556,950; what would John's per capita spend be for a new car, assuming his income directly affects the amount he can spend?

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Assume that a person's income directly affects their purchasing power for a particular product.

We have a customer named John who has a per capita income of $35,102 that is looking to buy a new car.

If the current US population is 335,707,897, the current per capita income is $40,363, and total new car sales in 2022 were $1,131,009,556,950; what would John's per capita spend be for a new car, assuming his income directly affects the amount he can spend?

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