Tinsel Inc. and Venice Inc. are two small clothing companies that are considering leasing a dyeing machine together. The companies estimated that in order to meet production, Tinsel needs the machine for 900 hours and Venice needs it for 700 hours. If each company rents the machine on its own, the fee will be $ 65 per hour of usage. If they rent the machine together, the fee will decrease to $ 60 per hour of usage. 

Under the Shapley value method What would be Tinsel's share of fees?

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To determine Tinsels share of the fees under the Shapley value method we need to calculate the margi... View the full answer