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Its definitely possible, but you'd have a hard time reselling such tiny accounts that would result from it. Trying to sell more capacity than you have is usually a really bad idea, it leads to hosts disappearing overnight because they hit a limit and couldn't save their services in time.
Reseller option is nonstandard, I would allow 10 accounts on this to start with and would increase it with your purchased capacity.
Extra bandwidth is $0.50 for 10GB, while extra space is $0.50 per GB.
You might manage to do 5 sites acceptably on such a small resource assignment. I don't recommend allocating less than 2GB of bandwidth per client, even simple sites can use that much if they get regular traffic.
I can offer you a reseller acount with the following...
50GB Disk Space
Unmetered SQL Databases
Unmetered FTP Accounts
Unmetered E-Mail Accounts
Unmetered Sub Domains
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