Module 06 Assignment - Problems
G180 Module 06 Assignment
Adam, Bonnie and Chad are dividing an estate consisting of a house, a boat and a car using the method of sealed bids. Their bids on each of the items are given in the following table:
| Adam | Bonnie | Chad | |
| House | $220,000 | $240,000 | $195,000 |
| Boat | $70,000 | $60,000 | $68,000 |
| Car | $35,000 | $30,000 | $36,000 |
Find the value of each player's fair share.
Describe the first settlement (who gets which item and how much do they owe the estate).
Find the surplus after the first settlement is over.
Describe the final settlement.
Three players (A, B, and C) agree to divide the 10 items shown below by lining them up in order and using the method of markers. The players' bids are as indicated.
a) Which items go to A?
b) Which items go to B?
c) Which items go to C?
e) Which items are left over?
