Question

Washington, Adams, Jefferson, and Madison bid on a much coveted resource (who will get the Presidency)....

Washington, Adams, Jefferson, and Madison bid on a much coveted resource (who will get the Presidency).

Washington Adams Jefferson Madison
The Presidency $760 $340 $1,100 $120


The statesmen decide that Washington should get The Presidency. Washington will then pay everyone else $152.

(a) What is ?w, the value of the winning bid in this example?  

(b) What is ?m, the average of all the bids in this example?  

(c) What is ??????xAdams in this example?  

(d) What is ??????????xJefferson in this example?  

(e) What is ????????xMadison in this example?  

(f) What is ????ℎ??????xWashington in this example?  

(g) What is Adams's fair share?  

(h) What is Jefferson's fair share?  

(i) What is Madison's fair share?  

(j) What is Washington's fair share?  

(k) Is the arrangement fair?   ? Yes No

(l) What is Adams's XB ratio? Give a decimal answer rounded to four decimal places.  

(m) What is Jefferson's XB ratio? Give a decimal answer rounded to four decimal places.  

(n) What is Madison's XB ratio? Give a decimal answer rounded to four decimal places.  

(o) What is Washington's XB ratio? Give a decimal answer rounded to four decimal places.  

(p) How much does Washington think he got from the arrangement?  

(q) How much does Adams think Washington got from the arrangement?  

(r) How much does Jefferson think Washington got from the arrangement?  

(s) How much does Madison think Washington got from the arrangement?  

(t) If everyone wants an Envy-free arrangement, who can win the item?   ? Washington Adams Jefferson Madison

(u) What is the most that your winner from part (t) can pay?  

(v) What is the least that your winner from part (t) can pay?  

(w) If everyone wants a Fair arrangement, they may have more than one choice for the winner.
The winner can be anyone who bid more than what amount?  

Homework Answers

Answer #1

solution:

here is the solution,Thank you

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
What tools could AA leaders have used to increase their awareness of internal and external issues?...
What tools could AA leaders have used to increase their awareness of internal and external issues? ???ALASKA AIRLINES: NAVIGATING CHANGE In the autumn of 2007, Alaska Airlines executives adjourned at the end of a long and stressful day in the midst of a multi-day strategic planning session. Most headed outside to relax, unwind and enjoy a bonfire on the shore of Semiahmoo Spit, outside the meeting venue in Blaine, a seaport town in northwest Washington state. Meanwhile, several members of...
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how...
Delta airlines case study Global strategy. Describe the current global strategy and provide evidence about how the firms resources incompetencies support the given pressures regarding costs and local responsiveness. Describe entry modes have they usually used, and whether they are appropriate for the given strategy. Any key issues in their global strategy? casestudy: Atlanta, June 17, 2014. Sea of Delta employees and their families swarmed between food trucks, amusement park booths, and entertainment venues that were scattered throughout what would...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT