1. The band is breaking up and Rob, Sue, Tim and Vito each want the tour bus. Using the method of sealed bids, Rob bids $4200, Sue bids $5200, Tim bids $5400, and Vito bids $7300 for the bus. Since Vito's bid is the highest, he gets the bus and has to compensate the others to make the division fair. How much money will Rob get from Vito?

2.Champ and Monte need to divide some sporting goods and a collection of stuffed animals. Using the Method of Sealed Bids, they place the following bids on the items.

• Champ bids $211 on the sporting goods, and $46 on the stuffed animals.
• Monte bids $94 on the sporting goods, and $77 on the stuffed animals.

Champ will get the sporting goods. Monte will take the stuffed animals and will also get a little bit of money from Champ. To make the division fair, how much money will Champ have to give to Monte?

Answer rating: 100% (QA)

1 Since Vitos bid is the highest he gets the bus To make the division fair Vito nee... View the full answer