Concept explainers
Four partners are dividing a plot of land among themselves using the lone-divider method. After the divider
a.
b.
c.
d.
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- Players A, B, C, and D are dividing an estate using the Method of Sealed Bids. There are three indivisible items to allocate. A B C D Item #1 $470 $500 $530 $490 Item #2 $300 $320 $290 $310 Item #3 $430 $380 $380 $400 A fair share to player B is worth at least ["600","400", "300", "200"] . Player ["A", "B", "C", "D"] gets Item #1. Player ["A", "B", "C", "D"] gets Item #2. Player ["A", "B", "C", "D"] gets Item #3. After the kitty has been divided, player A gets ["no items", "item #1", "item #2", "item #3", "more than one item"] and ["pays $110", "pays $130", "gains $35", "gains $130"] .arrow_forwardFour partners are dividing a piece of land worth $159,200 among themselves using the lone-divider method. The following table shows the value of the parcels in the eyes of each partner, but some of the entries are missing. S1 S2 S3 S4 John $47,760 $47,760 Jackie $47,760 $31,840 $47,760 Bill $39,800 $39,800 $39,800 Barb $31,840 $79,600 $31,840 John values S1 and S4 the same. What is this value? Group of answer choices $47,760 $39,800 $31,840 $23,880 Cannot be determined.arrow_forwardPlayers A, B, C, and D are dividing an estate using the Method of Sealed Bids. There are three indivisible items to allocate. A B C D Item #1 $500 $470 $490 $530 Item #2 $320 $300 $310 $290 Item #3 $380 $430 $400 $380 A fair share to player A is worth [600, 400, 300, 200] . Player _____ gets Item #1. Player _____ gets Item #2. Player _____ gets Item #3. After the initial allocation there is ______ remaining in the kitty. After the kitty has been divided, player B gets _______ and _____ ""] .arrow_forward
- The divider-chooser method is best suited for which of the following scenarios?A) Mike and Jack were given a list of errands to run by their mom. They need to divide the list between them as fairly as possible.B) Mike and Jack were given a vintage car by their parents and must decide who gets to have the car.C) Voters must choose a candidate between two candidates.D) The number of seats given to a territory in the house of representatives must bedetermined.arrow_forwardA group of fun-loving people have decided to play a practical joke on one of their friends, but they can't decide which friend, Alice (A), Betty (B), or Connie (C). Their preferences are: (ABC) (CBA) (BCA) 6 10 9 Who wins using the Borda count method? Does this violate the Condorcet criterion?arrow_forwardIf you and another person are using the divide-and-choose procedure to divide something between you, would you rather be the divider or the chooser? (Assume that neither of you knows anything about the preferences of the other.)arrow_forward
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