Three investors are dividing a piece of land worth $1,200,000. Each investor's value in thousands for each of the three pieces of the land isshown below. Which piece does each person receive and do they receive a fair share using the lone divider method?Piece B480380400MarshallSamKeishaPiece 1300400Piece 2420360400Marshall's bid: Piece 2 and Piece 3Sam's bid: Piece 1OaMarshall receives Piece 2, Keisha receives 3, and Sam receives Piece 1. Everyone receives a fair share.Marshall ceives Piece 3, Keisha receives 2, and Sam receives Piece 1. Everyone receives a fair share.OCMarshall receives Piece 3, Keisha receives 2, and Sam receives Piece 1. No one receives a fair share.Od Marshall receives Piece 3, Keisha receives 1, and Sam receives Piece 2. Everyone receives a fair share.Ob

To determine who receives which piece of land, we can use the lone divider method. This involves…

Answered: Three investors are dividing a piece of…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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5 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 $51,000 how much will that bidder need to put into a kitty for the other bidders to be compensated?
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