O Microsoft Word 5 x C https:// akai rutge edu bution-RU-Version-Jul-30-2015.pd Conten HW2. Larry, Curly, and Mo dissolve their business partnership and must carry out a fair distribution of 5 valuable items which they own jointly. They use the Method of Sealed Bid to make the distribution, and write out their bids as follows: Painting office desk computer company car Larry S200.000 $230,000 $4,000 $3,000 $28,000 Curly $15,000 $250,000 S3,500 S2,300 $29.200 Mo $16,000 $260,000 S3,800 $3,200 $32,000 a. Find the value of each player's minimum fair share, in dollars b. Carry out the allocation of the items, and the first settlement. First settlement: Items received (if any), and initially paid to S initially received from bank account their value bank account c. Find the surplus after the first settlement is over, and how much of the surplus each player receives d. Carry out the final settlement (for each player, indicate the items received and net amount ofcash paid or received as of the end of the process). Final settlement: Items received (if any), and net Spaid to bank account net received from bank their value after the surplus is account after the surplus is distributed distributed Mo e. Suppose that after the first settlement, the banker runs off with all the surplus money. Do the players still end up with fair shares in spite of not receiving the surplus money? Explain briefly. Bryan A Do 8:02 PM 11/7/2016 O Microsoft Word 5 x C https:// akai rutge edu bution-RU-Version-Jul-30-2015.pd Conten HW2. Larry, Curly, and Mo dissolve their business partnership and must carry out a fair distribution of 5 valuable items which they own jointly. They use the Method of Sealed Bid to make the distribution, and write out their bids as follows: Painting office desk computer company car Larry S200.000 $230,000 $4,000 $3,000 $28,000 Curly $15,000 $250,000 S3,500 S2,300 $29.200 Mo $16,000 $260,000 S3,800 $3,200 $32,000 a. Find the value of each player's minimum fair share, in dollars b. Carry out the allocation of the items, and the first settlement. First settlement: Items received (if any), and initially paid to S initially received from bank account their value bank account c. Find the surplus after the first settlement is over, and how much of the surplus each player receives d. Carry out the final settlement (for each player, indicate the items received and net amount ofcash paid or received as of the end of the process). Final settlement: Items received (if any), and net Spaid to bank account net received from bank their value after the surplus is account after the surplus is distributed distributed Mo e. Suppose that after the first settlement, the banker runs off with all the surplus money. Do the players still end up with fair shares in spite of not receiving the surplus money? Explain briefly. Bryan A Do 8:02 PM 11/7/2016