Reference no: EM131196702
Fair Shares
The Center City Anuraphilic (frog lovers) society has fallen on hard times. Abraham, Bobbyand Charlene are the only remaining members and each feels equally entitled to takepossession 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 entirecollection 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 offrogs?
• 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.
Calculate the wacc given the assumptions
: Determine the WACC given the above assumptions. Indicate how these might be useful to determine the feasibility of the capital project. Recommend which is more appropriate to apply to project evaluation.
|
Suppose that darnell is only consumer in apartment market
: Consider the market for apartments. The market price of each apartment is $140,000, and each buyer demands no more than one apartment. Suppose that Darnell is the only consumer in the apartment market. His willingness to pay for an apartment is $245,..
|
Economist estimated-cost function of single-product firm
: An economist estimated that the cost function of a single-product firm is: C(Q) = 60 + 30Q + 25Q2 + 5Q3. Based on this information, determine the following: The fixed cost of producing 10 units of output. $ The variable cost of producing 10 units of ..
|
Do you believe that us preventive services task force
: Do you believe that US Preventive Services Task Force (USPSTF) recommendations should be followed or do you believe screening should start at age 40? Why or why not? What type of surveillance would be appropriate/necessary for this type of situa..
|
Explain 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 offrogs? In your opinion how "Fair" is the process described above?
|
Flow lead countries to balance of payments equilibrium
: This question deals discusses issues in three different areas of the international monetary system. The GOLD STANDARD period was roughly 1870 to 1914. The gold standard has some strong automatic mechanisms that lead to 8 in a long run sense) simultan..
|
How much money should be budgeted each week for repair
: How much money should be budgeted each week for repair costs so that the actual cost will exceed the budgeted amount only 10% of the time?
|
What do you think the strengths of your program will be
: What kind of funding will you need? Who might provide that funding? What do you think the strengths of your program will be? What will the weaknesses be? After the program is over, how will you assess if it met its goals?
|
Epidemiology monitor in order to look for job descriptions
: Please select an epidemiological application/field (i.e. genetic, environmental, infectious disease) that you could see yourself selecting as a profession and provide some of the major skills that you need to acquire to enter the field.
|