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1. A piece of property valued at $50,000 is divided among five players (P1, P2, P3, P4, P5) using the last diminisher method. The players play in a fixed order, with P1 first, P2 second, and so on. In round 1, P1 makes the first cut and makes a claim on a C-piece of the land. For each of the remaining players, the value of the current C-piece at the time it is their turn is given in the following table: Player 2 Player 3 Player 4 Player 5 Value of $12,000 $13,000 $9,000 $8,000 current C-piece a.) What is the fair share for each player?

1. A piece of property valued at $50,000 is divided among five players (P1, P2, P3, P4, P5) using the last diminisher method. The players play in a fixed order, with P1 first, P2 second, and so on. In round 1, P1 makes the first cut and makes a claim on a C-piece of the land. For each of the remaining players, the value of the current C-piece at the time it is their turn is given in the following table: Player 2 Player 3 Player 4 Player 5 Value of $12,000 $13,000 $9,000 $8,000 current C-piece a.) What is the fair share for each player?

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.2: Arithmetic Sequences
Problem 67E
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Use the last diminisher method to solve the following problem. 1. A piece of property valued at $50,000 is divided among five players (P1, P2, P3, P4, P5) using the last diminisher method. The players play in a fixed order, with P1 first, P2 second, and so on. In round 1, P1 makes the first cut and makes a claim on a C-piece of the land. For each of the remaining players, the value of the current C-piece at the time it is their turn is given in the following table: Player 2 Player 3 Player 4 Player 5 Value of $12,000 $13,000 $9,000 $8,000 current C-piece a.) What is the fair share for each player? Show your work in the space provided below. b.) What does player 2 do with the piece and why? c.) What does player 3 do with the piece and why? d.) What does player 4 do with the piece and why? e.) What does player 5 do with the piece and why? f.) Who gets the piece at the end of round 1 and why is it that person? g.) What is the value of the piece?
Transcribed Image Text:Use the last diminisher method to solve the following problem. 1. A piece of property valued at $50,000 is divided among five players (P1, P2, P3, P4, P5) using the last diminisher method. The players play in a fixed order, with P1 first, P2 second, and so on. In round 1, P1 makes the first cut and makes a claim on a C-piece of the land. For each of the remaining players, the value of the current C-piece at the time it is their turn is given in the following table: Player 2 Player 3 Player 4 Player 5 Value of $12,000 $13,000 $9,000 $8,000 current C-piece a.) What is the fair share for each player? Show your work in the space provided below. b.) What does player 2 do with the piece and why? c.) What does player 3 do with the piece and why? d.) What does player 4 do with the piece and why? e.) What does player 5 do with the piece and why? f.) Who gets the piece at the end of round 1 and why is it that person? g.) What is the value of the piece?
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