Question

Everyday, five collegues have their lunch together. We do know that they do eat almost same...

Everyday, five collegues have their lunch together. We do know that they do eat almost same amount of food. How should they pay the bill? Why?

Homework Answers

Answer #1

As it is mentioned that the 5 colleagues have their lunch together every day. And also it is mentioned that they do eat the same amount of food. So, there are 2 ways in which they can pay the bill-

1. Split the bill amount equally every day-

So, as they have the same amount of food, they should pay an equal amount and contribute equally to the bill. So, the final amount of bill should be distributed in 5 parts and each one should give their share.

2. The second way is that one person can pay the bill for 5 people every day and the next day, the next person shall pay the bill. On the 5th day, the 5th person should pay the bill and it should continue in a cyclic way. This way also, the bill will be distributed equally.

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
How do you understand endogeneity? Where do we need to know about it in our everyday...
How do you understand endogeneity? Where do we need to know about it in our everyday life?
Who was the "real" Rosa Parks? Why it is important that we know this? Why do...
Who was the "real" Rosa Parks? Why it is important that we know this? Why do you think this story has been hidden? Why does society like stories of everyday citizens rather than political activists?
17a. Suppose we do not know σ and the data are the same as in Exercise...
17a. Suppose we do not know σ and the data are the same as in Exercise 14a (The date are: Xi: 10, 30, 20, 25); 17b. Determine the 95% confidence interval. 17c. Is the confidence interval in Exercise 17 narrower or wider than the one in Exercise 14a? Explain why.
How do we know that calculating GDP by the expenditure approach yields the same answer as...
How do we know that calculating GDP by the expenditure approach yields the same answer as calculating GDP by the income approach? I want the solution not the instructions.
how much power should the government have in our everyday lives in order to uphold our...
how much power should the government have in our everyday lives in order to uphold our basic rights as Americans ? Should the government dictate many of our rights or decisions... or should we be left to make our own? Why?
should we all know how to do the Heimlich maneuver?
should we all know how to do the Heimlich maneuver?
When/how do we know when(in what kind of problems), we have to apply Latent heat (L)...
When/how do we know when(in what kind of problems), we have to apply Latent heat (L) in thermodynamics?
why is there constant temperature and pressure at equilibrium? how do we know this
why is there constant temperature and pressure at equilibrium? how do we know this
C. Define effective capital market. How do we know if we have an effective capital market?...
C. Define effective capital market. How do we know if we have an effective capital market? D. How would an effective capital market cause long term sustainable economic growth?
Two thin strips of metal are bolted together at one end and have the same temperature....
Two thin strips of metal are bolted together at one end and have the same temperature. One is steel, and the other is aluminum. The steel strip is 0.11% longer than the aluminum strip. By how much should the temperature of the strips be increased, so that the strips have the same length?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT
Active Questions
  • Suppose that people's heights (in centimeters) are normally distributed, with a mean of 170 and a...
    asked 4 minutes ago
  • Use the information from the following Income Statement to create and Projected Income Statement and solve...
    asked 17 minutes ago
  • An unequal tangent vertical curve has the following elements: g1=-3.25%, g2=75%, total length = 500.00’, length...
    asked 19 minutes ago
  • Please write clear definitions of the following legal terms. Commerce Clause Supremacy Clause Indictment Tort
    asked 23 minutes ago
  • Do you think Moralistic Therapeutic Deism is an accurate reflection of society today? What are relevant...
    asked 28 minutes ago
  • The mean operating cost of a 737 airplane is $2,071 per day. Suppose you take a...
    asked 37 minutes ago
  • Arguments can be made on both sides of this debate about the ethical implications of using...
    asked 43 minutes ago
  • In the Chapter, they mention the idea of strategizing around your cash flows. Why are cash...
    asked 48 minutes ago
  • Company A signed a fixed-price $6,500,000 contract to construct a building. At the end of Year...
    asked 49 minutes ago
  • An unequal tangent vertical curve has the following elements: g1=-3.25%, g2=1.75%, total length = 500.00’, length...
    asked 55 minutes ago
  • In a previous​ year, 61​% of females aged 15 and older lived alone. A sociologist tests...
    asked 1 hour ago
  • Topic: Construction - Subsurface Investigation (Note: Briefly discuss in your own words, 1 paragraph minimum.) Typically...
    asked 1 hour ago