d get Marcel. Joey will

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Monica, Phoebe, Rachel, Chandler, Joey, and Ross bid on a much coveted resource (Marcel the monkey).
Monica
Phoebe
Rachel
Chandler
Joey
Ross
Marcel
$36
$90
$9
$18
$72
$81
The friends decide that Joey should get Marcel. Joey will then pay everyone else their bid divided by the number of
people.
(a) What is the value of the winning bid in this example?
(b) What is the sum of everyone's fair share in this example?
(c) What is x Phoebe in this example?
(d) What is Phoebe's fair share?
(e) What is Phoebe's XB ratio rounded to four decimal places?
Transcribed Image Text:Monica, Phoebe, Rachel, Chandler, Joey, and Ross bid on a much coveted resource (Marcel the monkey). Monica Phoebe Rachel Chandler Joey Ross Marcel $36 $90 $9 $18 $72 $81 The friends decide that Joey should get Marcel. Joey will then pay everyone else their bid divided by the number of people. (a) What is the value of the winning bid in this example? (b) What is the sum of everyone's fair share in this example? (c) What is x Phoebe in this example? (d) What is Phoebe's fair share? (e) What is Phoebe's XB ratio rounded to four decimal places?
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