Use the last diminisher method to solve the following problem. 1. A piece of property valued at $50,000 is divided among five players (P1, P2, P3, P4, P5) using the last diminisher method. The players play in a fixed order, with P1 first, P2 second, and so on. In round 1, P1 makes the first cut and makes a claim on a C-piece of the land. For each of the remaining players, the value of the current C-piece at the time it is their turn is given in the following table: Player 2 Player 3 Player 4 Player 5 Value of $12,000 $13,000 $9,000 $8,000 current C-piece a.) What is the fair share for each player? Show your work in the space provided below. b.) What does player 2 do with the piece and why? TI7Lnt deos alauer 2 de .+h tha ninna nnd h
Use the last diminisher method to solve the following problem. 1. A piece of property valued at $50,000 is divided among five players (P1, P2, P3, P4, P5) using the last diminisher method. The players play in a fixed order, with P1 first, P2 second, and so on. In round 1, P1 makes the first cut and makes a claim on a C-piece of the land. For each of the remaining players, the value of the current C-piece at the time it is their turn is given in the following table: Player 2 Player 3 Player 4 Player 5 Value of $12,000 $13,000 $9,000 $8,000 current C-piece a.) What is the fair share for each player? Show your work in the space provided below. b.) What does player 2 do with the piece and why? TI7Lnt deos alauer 2 de .+h tha ninna nnd h
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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Use the last diminisher method to solve the following problem.
A piece of property valued at $50,000 is divided among five players (P1, P2, P3, P4, PS)
using the last diminisher method. The players play in a fixed order, with P1 first, P2
second, and so on. In round 1. P1 makes the first cut and makes a claim on a C-piece of
the land. For each of the remaining players, the value of the current C-piece at the time it
is their turn is given in the following table:
![Use the last diminisher method to solve the following problem.
1. A piece of property valued at $50,000 is divided among five players (P1, P2, P3, P4, P5)
using the last diminisher method. The players play in a fixed order, with P1 first, P2
second, and so on. In round 1, P1 makes the first cut and makes a claim on a C-piece of
the land. For each of the remaining players, the value of the current C-piece at the tinme it
is their turn is given in the following table:
Player 2
Player 3
Player 4
Player 5
Value of
$12,000
$13,000
$9,000
$8,000
current C-piece
a.) What is the fair share for each player?
Show your work in the space provided below.
b.) What does player 2 do with the piece and why?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1a5ad4b3-65ed-46f8-be62-137bd7d01b0d%2F40de26d9-e689-474b-be07-383a7073ad58%2Fnaoaqw9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use the last diminisher method to solve the following problem.
1. A piece of property valued at $50,000 is divided among five players (P1, P2, P3, P4, P5)
using the last diminisher method. The players play in a fixed order, with P1 first, P2
second, and so on. In round 1, P1 makes the first cut and makes a claim on a C-piece of
the land. For each of the remaining players, the value of the current C-piece at the tinme it
is their turn is given in the following table:
Player 2
Player 3
Player 4
Player 5
Value of
$12,000
$13,000
$9,000
$8,000
current C-piece
a.) What is the fair share for each player?
Show your work in the space provided below.
b.) What does player 2 do with the piece and why?
![c.) What does player 3 do with the piece and why?
d.) What does player 4 do with the piece and why?
© ACCESS Virtual Learning 2021
e.) What does player 5 do with the piece and why?
f.) Who gets the piece at the end of round 1 and why is it that person?
g.) What is the value of the piece?
tions: On
Accesibilit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1a5ad4b3-65ed-46f8-be62-137bd7d01b0d%2F40de26d9-e689-474b-be07-383a7073ad58%2Fidfzxt6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:c.) What does player 3 do with the piece and why?
d.) What does player 4 do with the piece and why?
© ACCESS Virtual Learning 2021
e.) What does player 5 do with the piece and why?
f.) Who gets the piece at the end of round 1 and why is it that person?
g.) What is the value of the piece?
tions: On
Accesibilit
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