Author Question: Refer to the scenario above. If Rebecca wins the auction, she will earn a surplus of ________. A) ... (Read 78 times)

javeds · **on:** Jun 29, 2018

Refer to the scenario above. If Rebecca wins the auction, she will earn a surplus of ________.

A) 1,000
B) 4,500
C) 5,000
D) 45,000

Question 2

Refer to the scenario above. Each firm will face a demand of ________ units of Good A if both of them charge a price of 60.

A) 1,000
B) 1,500
C) 2,000
D) 3,000