The band is breaking up and Rob, Sue, Tim, and Vito each want the tour bus. Using
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The band is breaking up and Rob, Sue, Tim, and Vito each want the tour bus. Using the method of sealed bids, Rob bids $3600, Sue bids $4700, Tim bids $3700, and Vito bids $8000 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 Sue get from Vito?
Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
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