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Mike and David are students at Berkeley College. They share an apartment that is owned by David. David is considering subscribing to an Internet provider

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Mike and David are students at Berkeley College. They share an apartment that is owned by David. David is considering subscribing to an Internet provider that has the following packages available: Package Per Month A. Internet access $60 B. Phone services 20 C. Internet access + phone services 75 Mike spends most of his time on the Internet ("everything can be found online now"). David prefers to spend his time talking on the phone rather than using the Internet ("going online is a waste of time"). They agree that the purchase of the $75 total package is a "win-win" situation. Requirements 1. Allocate the $75 between Mike and David using (a) the stand-alone cost-allocation method, (b) the incremental cost-allocation method, and (c) the Shapley value method 2. Which method would you recommend they use and why? Requirement 1. Allocate the $75 between Mike and David using (a) the stand-alone cost-allocation method, (b) the incremental cost-allocation method, and (c) the Shapley value method. (Round your answers to the nearest cent.) \begin{tabular}{lllll} & \multicolumn{2}{c}{ Mike } & \multicolumn{2}{c}{ David } \\ \hline (a) Stand-alone & $ & 56.25 & $ & 18.75 \end{tabular} (b) Incremental Mike primary user David primary user 75 (c) Shapley

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