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Author Question: Refer to the scenario above. If the number of participants in the auction increases to 20, Rebecca ... (Read 92 times)

humphriesbr@me.com

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on: Jun 29, 2018
Refer to the scenario above. If the number of participants in the auction increases to 20, Rebecca should place a bid of ________.
 
  A) 45,000
  B) 42,750
  C) 4,500
  D) 40,500

Question 2

Refer to the table above, which gives five points on a nation's PPF. The production of 7 units of X and 28 units of Y is
 
  A) impossible given the available resources.
  B) possible but leaves some resources less than fully used or misallocated.
  C) on the production possibilities frontier between points c and d.
  D) on the production possibilities frontier between points b and c.


Liddy

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

B

Answer to Question 2

B


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