Andre, Bea, and Chad or dividing an estate consisting of a house, a small farm, and a painting using the method of sealed bids. The table below shows the players bids on each of the items.HouseFarmPaintingTatal Val...65,000.00CO2000 nol CCO.000 nol CCO 000 nola) Describe the first settlement of this fair division and compute the surplus.The house goes toAndreBeaChadThe farm goes to BeaThe painting goes to Andre◆◆ $Andre$The house goes toBea◆ $The farm goes toChadThe painting goes tob) Describe the final settlement of this fair division problem.Andre◆ $$Andre◆ $180,000.00 120,000.00175,000.00430,000.00 480,000.00 428,000.00Bea72,000.00 60,000.00Chad→Please answer all parts of the question.

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Answered: Andre, Bea, and Chad or dividing an…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Andre, Bea, and Chad or dividing an estate consisting of a house, a small farm, and a painting using the method of sealed bids. The table below shows the players bids on each of the items. House Farm Painting Tatal Val.. The farm goes to 65,000.00 CCO 000 onl CCO 000 onl a) Describe the first settlement of this fair division and compute the surplus. The house goes to The painting goes to Andre Bea Chad ◆ $ Andre ◆ $ The farm goes to Bea The painting goes to Chad $ ◆ $ ( b) Describe the final settlement of this fair division problem. The house goes to Andre $ $ 180,000.00 120,000.00 175,000.00| 430,000.00 480,000.00 428,000.00 Bea CO2 000 001 ◆ 72,000.00 60,000.00 Chad ◆

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