Refer to the scenario above. If the number of participants in the ...

[humphriesbr@me.com]

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]

Answer to Question 1

B

Answer to Question 2

B