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3.2 Practice Nar 1.) Using the Knaster Inheritance Procedure, describe a fair division for three heirs, A, B, and C, who inherit a house in the city, a small farm, and a valuable sculpture, and who submit sealed bids on these objects as follows: C A $145,000 $135,000 $110,000 Object House Farm Sculpture B $149,999 $130,001 $80,000 $165,000 $128,000 $127,000

3.2 Practice Nar 1.) Using the Knaster Inheritance Procedure, describe a fair division for three heirs, A, B, and C, who inherit a house in the city, a small farm, and a valuable sculpture, and who submit sealed bids on these objects as follows: C A $145,000 $135,000 $110,000 Object House Farm Sculpture B $149,999 $130,001 $80,000 $165,000 $128,000 $127,000

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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2 3.2 Practice Nar 1.) Using the Knaster Inheritance Procedure, describe a fair division for three heirs, A, B, and C, who inherit a house in the city, a small farm, and a valuable sculpture, and who submit sealed bids on these objects as follows: C A $145,000 $135,000 $110,000 Object House Farm Sculpture B $149,999 $130,001 $80,000 $165,000 $128,000 $127,000
Transcribed Image Text:2 3.2 Practice Nar 1.) Using the Knaster Inheritance Procedure, describe a fair division for three heirs, A, B, and C, who inherit a house in the city, a small farm, and a valuable sculpture, and who submit sealed bids on these objects as follows: C A $145,000 $135,000 $110,000 Object House Farm Sculpture B $149,999 $130,001 $80,000 $165,000 $128,000 $127,000
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