This topic contains a solution. Click here to go to the answer

Author Question: Four heirs (A, B, C, and D) must fairly divide an estate consisting of two items - a house and a ... (Read 755 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
Four heirs (A, B, C, and D) must divide fairly an estate consisting of three items — a house, a cabin and a boat — using the method of sealed bids. The players' bids (in dollars) are:




In the initial allocation, player C
◦ gets the house and pays the estate $128,000.
◦ gets the boat and an additional $44,000 from the estate.
◦ gets $62,000 cash.
◦ gets the cabin and an additional $22,000 from the estate.
◦ none of these


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

rekilledagain

  • Sr. Member
  • ****
  • Posts: 337
gets the boat and an additional $44,000 from the estate.



Themember4

  • Hero Member
  • *****
  • Posts: 538
Four heirs (A, B, C, and D) must divide fairly an estate consisting of three items — a house, a cabin and a boat — using the method of sealed bids. The players' bids (in dollars) are:




After the initial allocation to each player is made, there is a surplus of
◦ $12,000.
◦ $6000.
◦ $0.
◦ $24,000.
◦ none of these




Kthamas

  • Hero Member
  • *****
  • Posts: 546
Four heirs (A, B, C, and D) must divide fairly an estate consisting of three items — a house, a cabin and a boat — using the method of sealed bids. The players' bids (in dollars) are:




After all is said and done, the final allocation to player B is
◦ the house minus $128,500 in cash.
◦ $65,500 in cash.
◦ the house minus $134,500 in cash.
◦ the house plus $6000 in cash.
◦ none of these



Briannahope

  • Sr. Member
  • ****
  • Posts: 364

kaid0807

  • Hero Member
  • *****
  • Posts: 515
Four heirs (A, B, C, and D) must divide fairly an estate consisting of three items — a house, a cabin and a boat — using the method of sealed bids. The players' bids (in dollars) are:




After all is said and done, the final allocation to player C is
◦ the boat plus $44,000 in cash.
◦ the boat plus $6000 in cash.
◦ $68,000.
◦ the boat plus $50,000 in cash.
◦ none of these



zoeyesther

  • Sr. Member
  • ****
  • Posts: 315

 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

For a complete list of videos, visit our video library