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Author Question: Refer to the scenario above. If Rebecca wins the auction, she will earn a surplus of ________. A) ... (Read 111 times)

javeds

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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


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nital

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


javeds

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

rleezy04

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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