Scenario: Rebecca Is Participating in a Dutch Auction for an Antique

question 78

Multiple Choice

Scenario: Rebecca is participating in a Dutch auction for an antique necklace. The total number of bidders in this auction is ten. Rebecca values the necklace at $45,000, while all the other bidders value it below $45,000.
-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

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Definitions:

Math and Science

Academic disciplines that focus on understanding and explaining the natural world through mathematical models and scientific investigation.

Prejudice

Preconceived opinion that is not based on reason or actual experience; bias, often towards an individual or group.

Negative Attitude

A predisposition to perceive, interpret, or act towards a particular aspect of one’s environment in an unfavorable or detrimental manner.

Unarmed Suspects

Individuals suspected of a crime who are not in possession of any weapons.