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Andre, Bea, and Chad or dividing an estate consisting of a house, a small farm, and a painting using the method of sealed bids. The table below shows the players bids on each of the items. Chad House Farm 180,000.00 120,000.00 175,000.00 430,000.00 480,000.00 428,000.00 60,000.00 65,000.00 72,000.00 con 00000l ceo on onl cro.000 onl a) Describe the first settlement of this fair division and compute the surplus. The house goes to Andre Painting Tatal Val..m The farm goes to Bea + The painting goes to Andre Andre Bea Chad + $ The farm goes to Andre + Bea b) Describe the final settlement of this fair division problem. The house goes to The painting goes to Chad $ Andre + $ $ # $ Bea + Please answer all parts of the question.

Andre, Bea, and Chad or dividing an estate consisting of a house, a small farm, and a painting using the method of sealed bids. The table below shows the players bids on each of the items. Chad House Farm 180,000.00 120,000.00 175,000.00 430,000.00 480,000.00 428,000.00 60,000.00 65,000.00 72,000.00 con 00000l ceo on onl cro.000 onl a) Describe the first settlement of this fair division and compute the surplus. The house goes to Andre Painting Tatal Val..m The farm goes to Bea + The painting goes to Andre Andre Bea Chad + $ The farm goes to Andre + Bea b) Describe the final settlement of this fair division problem. The house goes to The painting goes to Chad $ Andre + $ $ # $ Bea + Please answer all parts of the question.

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.5: Counting Principles
Problem 40SE: A family consisting of 2 parents and 3 children is to pose for a picture with 2 family members in...
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Andre, Bea, and Chad or dividing an estate consisting of a house, a small farm, and a painting using the method of sealed bids. The table below shows the players bids on each of the items. House Farm Painting Tatal Val... 65,000.00 CO2000 nol CCO.000 nol CCO 000 nol a) Describe the first settlement of this fair division and compute the surplus. The house goes to Andre Bea Chad The farm goes to Bea The painting goes to Andre ◆ ◆ $ Andre $ The house goes to Bea ◆ $ The farm goes to Chad The painting goes to b) Describe the final settlement of this fair division problem. Andre ◆ $ $ Andre ◆ $ 180,000.00 120,000.00 175,000.00 430,000.00 480,000.00 428,000.00 Bea 72,000.00 60,000.00 Chad → Please answer all parts of the question.
Transcribed Image Text:Andre, Bea, and Chad or dividing an estate consisting of a house, a small farm, and a painting using the method of sealed bids. The table below shows the players bids on each of the items. House Farm Painting Tatal Val... 65,000.00 CO2000 nol CCO.000 nol CCO 000 nol a) Describe the first settlement of this fair division and compute the surplus. The house goes to Andre Bea Chad The farm goes to Bea The painting goes to Andre ◆ ◆ $ Andre $ The house goes to Bea ◆ $ The farm goes to Chad The painting goes to b) Describe the final settlement of this fair division problem. Andre ◆ $ $ Andre ◆ $ 180,000.00 120,000.00 175,000.00 430,000.00 480,000.00 428,000.00 Bea 72,000.00 60,000.00 Chad → Please answer all parts of the question.
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