QuestionQuestion 9
Four heirs (A, B, C, and D) must fairly divide an estate consisting of two items - a desk and a vanity - using the method of sealed bids. The players' bids (in dollars) are:
| | A | B | C | D |
| :---- | :-: | :-: | :-: | :-: |
| Desk | 240 | 220 | 200 | 280 |
| Vanity | 220 | 200 | 100 | 120 |
The original fair share of A is worth:
In the initial allocation, player A:
Select an answer and Select an answer the estate
After all is said and done, in the final allocation, player A:
Select an answer and Select an answer the estate
Select an answer
Gets no items
Gets the desk
Gets the desk and vanity
Gets the vanity
Studdy Solution
Determine the final allocation for player A:
- Player A keeps the desk.
- Since player A's fair share is \$230 and they received an item worth \$240, they owe the estate the difference:
In the initial allocation, player A gets the desk and owes the estate \$10. In the final allocation, player A keeps the desk and owes the estate \$10.
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