Five heirs ( A , B , C , D , and E ) are dividing an estate consisting of six items using the method of sealed bids. The heirs' bids on each of the items are given in Table 3 - 2 4 . Table 3 - 2 4 A B C D E Item 1 $ 352 $ 295 $ 395 $ 368 $ 324 Item 2 $ 98 $ 102 $ 98 $ 95 $ 105 Item 3 $ 460 $ 449 $ 510 $ 501 $ 476 Item 4 $ 852 $ 825 $ 832 $ 817 $ 843 Item 5 $ 513 $ 501 $ 505 $ 505 $ 491 Item 6 $ 725 $ 738 $ 750 $ 744 $ 761 a. Find the value of each player's fair share. b. Describe the first settlement (who gets which item and how much do they pay or get in cash). c. Find the surplus after the first settlement is over. d. Describe the final settlement (who gets which item and how much do they pay or get in cash).
Five heirs ( A , B , C , D , and E ) are dividing an estate consisting of six items using the method of sealed bids. The heirs' bids on each of the items are given in Table 3 - 2 4 . Table 3 - 2 4 A B C D E Item 1 $ 352 $ 295 $ 395 $ 368 $ 324 Item 2 $ 98 $ 102 $ 98 $ 95 $ 105 Item 3 $ 460 $ 449 $ 510 $ 501 $ 476 Item 4 $ 852 $ 825 $ 832 $ 817 $ 843 Item 5 $ 513 $ 501 $ 505 $ 505 $ 491 Item 6 $ 725 $ 738 $ 750 $ 744 $ 761 a. Find the value of each player's fair share. b. Describe the first settlement (who gets which item and how much do they pay or get in cash). c. Find the surplus after the first settlement is over. d. Describe the final settlement (who gets which item and how much do they pay or get in cash).
Five heirs (
A
,
B
,
C
,
D
, and
E
) are dividing an estate consisting of six items using the method of sealed bids. The heirs' bids on each of the items are given in Table
3
-
2
4
.
Table
3
-
2
4
A
B
C
D
E
Item 1
$
352
$
295
$
395
$
368
$
324
Item 2
$
98
$
102
$
98
$
95
$
105
Item 3
$
460
$
449
$
510
$
501
$
476
Item 4
$
852
$
825
$
832
$
817
$
843
Item 5
$
513
$
501
$
505
$
505
$
491
Item 6
$
725
$
738
$
750
$
744
$
761
a. Find the value of each player's fair share.
b. Describe the first settlement (who gets which item and how much do they pay or get in cash).
c. Find the surplus after the first settlement is over.
d. Describe the final settlement (who gets which item and how much do they pay or get in cash).
Three players (A, B, and C) are dividing the array of 12 items shown below using the method of markers. The three players bids are as indicated in the figure.
Indicate which player gets each item.
Item 1
Item 2
Item 3
Item 4
Item 5
Item 6
Item 7
Item 8
Item 9
Item 10
Item 11
Item 12
Choose...
Choose...
Choose...
Choose...
Choose...
Choose...
Choose...
Choose...
Choose...
Choose...
4
Choose... ♦
Choose...
7
B₂
8 9 10
C₂
A₂
/२
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
$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 _____ ""] .
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