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Wendy and Xavier are siblings who have inherited a house from their parents. They are not willing to share the house (growing up together was enough), so one or the other will receive it when their parents' estate is settled. This is the only item which they have inherited, and they apply the Method of Sealed Bids to obtain a fair distribution. Wendy considers the house worth $300 ( in thousands of dollars,) but Xavier considers it worth $350.
Question 1: How much does Wendy pay to/receive from the common bank account?
Question 2: How much does Xavier pay to/receive from the common bank account?
Question 3: After carrying out the allocation of the items, and the first settlement, how much money is in the surplus?
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