Case 1: Mr. Hopeful owns the mineral rights in a property in Macon County, Georgia. He leases the property to Wishful Oil Company, reserving a 1/5 royalty. Wishful drills a successful well and begins producing oil. Revenue from the first year of operations totaled $20,000 and costs of development and operation totaled $150,000. How much revenue will each party receive? How much of the costs will each party pay? Answer [CLO-1] Two players (Fatima and Khadeja) want to divide fairly a square cake with 4 flavors (Vanilla, Caramel, Chocolate, and Strawberry) using the divider-chooser method. The value of the cake is 30 AED. Fatima likes chocolate and Strawberry equally, but twice as much as Vanilla. She likes Vanilla and Caramel equally as well. Khadeja likes Chocolate, Vanilla, and Strawberry equally, but she doesn't like Caramel.