Q2 Multi-Unit Auctions Auctioneer offers 5 identical units for sale. The marginal values for four bidders are as follows: Bidder Marginal Values (lat, 2nd, 5th unit) Bidder 1: 57, 5U, 37, 31, 24 Bidder 2: 55, 52, 47, 23, 21 Bidder 3: 65, 55', 20, 15, 11 Bidder 4: 49, 47, 45, 4D, 37 (a) Write down and draw the demand curve for Bidder 1. {b} Calculate the winning allocation. (c)I Calculate payments in the payasbid auction. [(1) Calculate payments in the uniform price auction (lowestaccepted}. (e) Calculate payments in the uniform price auction (highestrejected). {f} Calculate payments in the Vickie}; auction. 1