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Math / Excursions in Modern Mathematics: Pearson New International Edition 8 / Chapter 3 / Problem 64

Excursions in Modern Mathematics: Pearson New International Edition | 8th Edition | ISBN: 9781292022048 | Authors: Peter Tannenbaum

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Three partners (A, B, and C) jointly own a business but wish to dissolve the partnership

Chapter 3, Problem 64

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QUESTION:

Three partners (A, B, and C) jointly own a business but wish to dissolve the partnership using the method of sealed bids. One of the partners will keep the business; the other two will each get cash for their one-third share of the business. Suppose that A bids $x, B bids $y, and C bids $z. Assume that C is the high bidder. Describe the final settlement of this fair division in terms of x, y, and z. (Hint: Try Exercises 47 and 48 first.)

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QUESTION:

Three partners (A, B, and C) jointly own a business but wish to dissolve the partnership using the method of sealed bids. One of the partners will keep the business; the other two will each get cash for their one-third share of the business. Suppose that A bids $x, B bids $y, and C bids $z. Assume that C is the high bidder. Describe the final settlement of this fair division in terms of x, y, and z. (Hint: Try Exercises 47 and 48 first.)

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