1. 4 people can claim joint ownership of an item and intend to divide it by the Method of Sealed Bids. The winner offers a bid of $4,000, how much will that bidder need to put into a kitty for the other bidders to be compensated?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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2. 5 people can claim joint owner Enter your search term lend to divide it by the Method of Sealed Bids. The
Woksheet 14
A Worksh
Nibrary.csn.edu/sites/default/files/2020-05/1.4.pdf
E Dge
A Read aloud V Draw
Y Highlight
1. 4 people can claim joint ownership of an item and intend to divide it by the Method of Sealed Bids. The
winner offers a bid of $4,000, how much will that bidder need to put into a kitty for the other bidders to
be compensated?
winner offers a bid of $8,000, how much will that bidder need to put into a kitty for the other bidders to
be compensated?
3. Barry and Allen are moving and are no longer going to be roommates. They need to decide who will get
the LCD TV they purchased together. Using the Method of Sealed Bids, Barry bids $500 and Allen bids
$350 for the set. Since Barry's bid is higher, he gets the TV, and has to compensate Allen with cash. How
much will he have to pay Allen in order to keep the division fair?
4. Mike and Sophie are splitting up and need to decide who will get the car they purchased together. Using
the Method of Sealed Bids, Mike bids $5000 and Sophie bids $4500 for the car. Since Mike's bid is higher,
he gets the car, and has to compensate Sophie with cash. How much will he have to pay Sophie in order
to keep the division fair?
79°F Clear
ר
DELL
Transcribed Image Text:2. 5 people can claim joint owner Enter your search term lend to divide it by the Method of Sealed Bids. The Woksheet 14 A Worksh Nibrary.csn.edu/sites/default/files/2020-05/1.4.pdf E Dge A Read aloud V Draw Y Highlight 1. 4 people can claim joint ownership of an item and intend to divide it by the Method of Sealed Bids. The winner offers a bid of $4,000, how much will that bidder need to put into a kitty for the other bidders to be compensated? winner offers a bid of $8,000, how much will that bidder need to put into a kitty for the other bidders to be compensated? 3. Barry and Allen are moving and are no longer going to be roommates. They need to decide who will get the LCD TV they purchased together. Using the Method of Sealed Bids, Barry bids $500 and Allen bids $350 for the set. Since Barry's bid is higher, he gets the TV, and has to compensate Allen with cash. How much will he have to pay Allen in order to keep the division fair? 4. Mike and Sophie are splitting up and need to decide who will get the car they purchased together. Using the Method of Sealed Bids, Mike bids $5000 and Sophie bids $4500 for the car. Since Mike's bid is higher, he gets the car, and has to compensate Sophie with cash. How much will he have to pay Sophie in order to keep the division fair? 79°F Clear ר DELL
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