[Answered] Refer to the scenario above. If Rebecca wins the auction, she will earn a surplus of _______

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Author Question: Refer to the scenario above. If Rebecca wins the auction, she will earn a surplus of ________. A) ... (Read 113 times)

javeds

Hero Member
Posts: 570

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

Sr. Member
Posts: 320

Reply #1 on: Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

B

javeds

Member
Posts: 570

Reply 2 on: Jun 29, 2018

Great answer, keep it coming

jackie

Member
Posts: 324

Reply 3 on: Yesterday

Excellent

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Author Question: Refer to the scenario above. If Rebecca wins the auction, she will earn a surplus of ________. A) ... (Read 113 times)

javeds

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

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Need homework help now?

nital

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

javeds

jackie