Three investors are dividing a piece of land worth $300,000. Each investor's value in thousands for each of the threepieces of the land is shown below. Which piece does each person receive? Do they receive a fair share using the lonedivider method?Piece 1Piece 2Piece 3Henry80100120Juan100100100Sarah6090150Henry's bid: Piece 2 and Piece 3Sarah's bid: Piece 3a. Henry receives Piece 2, Sarah receives 3, and Juan receives Piece 1. Everyone receives a fair share.X b. Henry receives Piece 3, Sarah receives 3, and Juan receives Piece 2. Everyone receives a fair share.c. Henry receives Piece 2, Sarah receives 3, and Juan receives Piece 1. No one receives a fair share.d. Henry receives Piece 2, Sarah receives 1, and Juan receives Piece 3. Everyone receives a fair share.

Fair share using the lone divider method: The land's total worth is: $ 300 Using divider method = $…

Answered: Three investors are dividing a piece of…

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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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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