Reference no: EM131196910
Assignment: Fair Shares
The Center City Anuraphilic (frog lovers) society has fallen on hard times. Abraham, Bobby and Charlene are the only remaining members and each feels equally entitled to take possession of the society's collection of live rare tropical frogs. The decision is made to use the method of sealed bids and fair shares to decide who will take possession of the entire collection and how much will be paid in compensation to the other members.
Abraham unseals his estimate of the value of the collection at $12,000.00. Bobby's estimate of the value of the collection is $6,000.00. Charlene values the collection at $9,000.00.
• Who receives the collection of frogs?
• What is each person's fair share of the monetary value of the collection?
• Why is the monetary amount of each fair share different?
• How much money is owed to each of the two people who do not "win" the collection of frogs?
• In your opinion how "Fair" is the process described above?
Now pretending for a moment that you like frogs, we will insert you into the situation under special circumstances. Despite (or perhaps because of) your love of all things amphibious, you currently lack the funds to pay each of the others their probable fair share. You will not receive the collection, but wish to receive as much money as possible. You have no knowledge of the amounts in each of the sealed bids, but strongly suspect that Abraham will bid between $10,000.00 and $12,000.00.
• Given that you cannot afford to "win" the process, describe how you will go about deciding what to put down for your own estimate of the value of the collection.
Comment on your peers' responses, addressing the following:
• Do your peers' responses address all of the points of the assignment?
• Are the answers and the reasoning behind those answers clear?
|
The amount of over or underapplied overhead for 20x5
: The amount of over or underapplied overhead for 20X5. Indicate whether overhead was overapplied or underapplied.
|
|
What factors lead you to the conclusion
: What factors lead you to this conclusion? You may want to do additional research of sources to reach a conclusion. If so, please identify the sources that added to your analysis.
|
|
Risk taking-favor of low-risk managerial strategies
: One of the reasons Joseph Schumpeter argued that capital was doomed was because he predicted that big corporations would naturally shift away from risk-taking entrepreneurship in favor of low-risk managerial strategies. Has this happened? Have major ..
|
|
Implement the value iteration algorithm for mdp
: Implement the value iteration algorithm for MDP which computes the solution to the situation shown below. You may write your code in either C or C++. Your code must be implemented as a self-contained single source code file which does not require..
|
|
Describe why is monetary amount of each fair share different
: Why is the monetary amount of each fair share different? How much money is owed to each of the two people who do not "win" the collection of frogs? In your opinion how "Fair" is the process described above?
|
|
Perspectives in marketing planning
: What are the major changes and perspectives in marketing planning? Please discuss
|
|
List business areas and processes used in umuc pizza shops
: List three business areas and/or processes used in the UMUC Pizza shops that could be supported by an IT solution. Explain how each IT project listed above specifically improves and/or supports Bill's UMUC Pizza business.
|
|
Primary means of market segmentation
: TRUE OR FALSE: Fine Image Stores sell arts & crafts supplies to consumers who are highly creative, intelligent, and imaginative. They enjoy activities like painting and writing. Fine Image should use demographics as their primary means of market s..
|
|
Literature review of the impact of using ipads in classrooms
: A review of literature outlines and discusses the contextual issues related to your topic of inquiry, and provides a contemporary understanding of the topic to the reader. The Topic to reviewed is The impact of using iPads in classrooms
|