Question
Kayla, Janice, and Carol are dividing an estate consisting of a house, a small farm, and a painting using the Method of Sealed Bids. Their
Kayla, Janice, and Carol are dividing an estate consisting of a house, a small farm, and a painting using the Method of Sealed Bids. Their bids on each of the items are given in the following table: Kayla Janice Carol House 147 159 177 Farm 435 429 429 Painting 54 60 54 Fair Share a) (5 points) Find the 1st settlement. Items Amount Received Amount Paid Kayla Janice Carol b) (2 points) Find the surplus. The surplus is ___________. Thus, each person will receive ___________________. c) (3 points) Find the final settlement. (List the item, CIRLCE either PAY or RECEIVE, then state the dollar amount.) Kayla gets ________________ and pays/receives _____________________. Janice gets _____________ and pays/receives _______________________. Carol gets _______________ and pays/receives ______________________
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