Dave and Frank are graduating and are no longer going to be roommates, but they both want to keep the cat they adopted. Using the Method of Sealed Bids, Dave bids $310 and Frank bids $589 for the cat.   Since Frank's bid is higher, he gets the cat. How much will he have to pay Dave in order to keep the division fair?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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Dave and Frank are graduating and are no longer going to be roommates, but they both want to keep the cat they adopted. Using the Method of Sealed Bids, Dave bids $310 and Frank bids $589 for the cat.

 

Since Frank's bid is higher, he gets the cat. How much will he have to pay Dave in order to keep the division fair?

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