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Suppose that they flip a coin and Nick ends up being the divider. (a) Describe how Nick
Chapter 3, Problem 18(choose chapter or problem)
Suppose that they flip a coin and Nick ends up being the divider. (a) Describe how Nick would cut the sandwich into two shares s1 and s2. (b) After Nick cuts, Martha gets to choose. Specify which of the two shares Martha should choose and give the value of the share to Martha.
Questions & Answers
QUESTION:
Suppose that they flip a coin and Nick ends up being the divider. (a) Describe how Nick would cut the sandwich into two shares s1 and s2. (b) After Nick cuts, Martha gets to choose. Specify which of the two shares Martha should choose and give the value of the share to Martha.
ANSWER:Step 1 of 3
For Martha
Let the cost per unit length of Turkey be , then
Cost per unit length of Roast Beef
Cost per unit length of Ham
Therefore
Cost for the portion of Ham
Cost for the portion of Turkey
Cost for the portion of Roast Beef
The total value of sub
For Nick
Let the cost per unit length of Ham be , then
Cost per unit length of Roast Beef
Cost per unit length of Turkey
Therefore
Cost for the portion of Ham
Cost for the portion of Turkey
Cost for the portion of Roast Beef
Total value of