Multi-unit Auctions - Procurement The auctioneer wants to buy 6 units of some good. Calculate the outcome of various auctions using the bids below. In this auction, bidders (suppliers) bid to supply items to the auctioneer. The bids (expressed as marginal costs) are as follows: Bidder 13333 .6? iii/Eli?) Supplierl 10, 12, 14, 16, 20, 28 Supplier2 11, 13, 20, 24, 30, 32 SupplierS 2o, 22, 24, 26, 2s, 29 These bids should be read as follows: Supplier 1 is willing to supply the rst unit at 10 or higher, the second unit at 12 or higher, the third unit at 14 or higher and so on Hint: This is a procurement setting, so the auctioneer looks for the lowest bids from its bidders (suppliers of the good). 2 points Determine the winning allocation by specifying how many units each supplier will supply to the auctioneer in all standard auctions. Supplier 1 V Supplierz V Supplier 3 v 2 points 5 Suppose that the rules of the pay-as-bid auction are used to determine payments. Calculate the payment to Supplier 1. Type your answer... 4 2 points Suppose that the rules of the pay-as-bid auction are used to determine payments. Calculate the payment to Supplier 2. Type your answer..2 points Suppose that the rules of the pay-as-bid auction are used to determine payments. Calculate the payment to Supplier 3. Type your answer... a 2 points 5 Suppose that the rules of the uniform price auction (lowest-rejected bid] are used to determine payments. Calculate the payment to Supplier 1. Type your answer... 2 points Suppose that the rules of the uniform price auction {lowest-rejected bid) are used to determine payments. Calculate the payment to Supplier 2. Type your answer... n 2 points Suppose that the rules of the uniform price auction (Iowest- rejected bid) are used to determine payments. Calculate the payment to Supplier 3. Type you r answer... n 2 points Suppose that the rules of the Vickrey auction are used to determine payments. Calculate the payment to Supplier 1. Type your answer... 2 points 5 Suppose that the rules of the Vickrey auction are used to determine payments. Calculate the payment to Supplier 2. Type you r answer... 2 points Q Suppose that the rules of the Vickrey auction are used to determine payments. Calculate the payment to Supplier 3. Type you r