Refer to the scenario above. If Rebecca wins the auction, she ...

[javeds]

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

[nital]

Answer to Question 1

B

Answer to Question 2

B

[javeds]

Thanks for the timely response, appreciate it

[Dominic]

TYSM