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Consider the following situation. James and Gary want to divide three small businesses. Kitty Bid James Gary Business 1 $16,000 $20,000 Business 2 22,000 4,000

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Consider the following situation. James and Gary want to divide three small businesses. Kitty Bid James Gary Business 1 $16,000 $20,000 Business 2 22,000 4,000 Business 3 8,000 10,000 Use the knaster procedure to divide fairly property with the given bids. Bid James Gary Business 1 $16,000 $20,000 Business 2 $22,000 $4,000 Business 3 $8,000 $10,000 Business 1 award Business 1 To Kitty From Kitty $ Business 2 award Business 2 To Kitty $ From Kitty $ Business 3 award Business 3 $0 $ $ $ $ $ $ To Kitty $ From Kitty $0 Divide Kitty $ $ Total

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