1. The Treasury is auctioning off $3.16 billion in T-bills. The following competitive bids were received: Bidder Bid Amount (millions) Price 675 30.986 1500 30.998 1250 10.996 575 60.9975 1000 50.992 850 30.993 a. What is the market-clearing price, who gets T-bills, and how much do they get? b. Assume now that $675million in non-competitive bids were received? What is the minimum number of non-competitive bidders? 11. What is the market-clearing price, who gets T-bills, and how much do they get