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Answer Key Chapter 3 - Review-2
Answer Key Chapter 3 - Review-2
Answer Key Chapter 3 - Review-2
Review – Chapter 3
Multiple Choice – Choose the one alternative that best completes the statement or answers the question.
Angela and Ben want to divide fairly the chocolate-strawberry cake shown below using the divider-chooser
method. The total cost of the cake was $6.00. Angela values strawberry three times as much as she values
chocolate, while Ben values chocolate twice as much as he values strawberry.
A. $5.00
B. $4.00
C. $4.50
D. $4.75
E. none of the above
A. $4.50
B. $5.00
C. $3.75
D. $2.25
E. none of the above
A. $3.50
B. $3.00
C. $4.00
D. $2.50
E. none of the above
A. $3.75
B. $3.00
C. $3.50
D. $2.25
E. none of the above
Four heirs (A, B, C, and D) must fairly divide an estate consisting of two items – a house and a cabin – using
the method of sealed bids. The players’ bids (in dollars) are:
A B C D
House 195,000 212,000 201,000 182,000
Cabin 45,000 36,000 35,000 42,000
A. $1210,000
B. $240,000
C. $80,000
D. $60,000
E. none of the above
__d___ 8. After the initial allocation to each player is made, there is a surplus of
A. $150,000
B. $0
C. $32,000
D. $20,000
E. none of the above
_c____ 9. After all is said and done, the final allocation to player A is
A. $65,000 in cash
B. the cabin plus $5,000 in cash
C. the cabin plus $20,000 in cash
D. the cabin plus $10,000 in cash
E. none of the above
Four players (A, B, C, and D) agree to divide the 12 items below using the method of markers. The players’
bids are as indicated.
A1 C1D1 B1 B2 A2C2 D2 B3 C3 A3 D3
A. goes to C
B. goes to A
C. goes to D
D. is left over
E. goes to B
A. goes to A
B. goes to B
C. goes to C
D. goes to D
E. is left over
A. goes to A
B. goes to B
C. goes to C
D. goes to D
E. is left over
13. Molly buys a chocolate – strawberry – vanilla cake for $11.20. Molly values strawberry twice as much as
chocolate and values chocolate twice as much as vanilla.
b) If the cake is cut into six 600 wedges shown in the picture, find the value of each piece.
P1: $0.80 P2: $2 P3: $3.20 P4: $2.4 P5: $1.6 P6: $1.20
14. Three players (Minnie, Mickey, Donald) must divide a cake among themselves. Suppose the cake is
divided into three slices: ( s1 s2 s3). The following table shows the percentage of value of the entire cake that
each slice represents to each player.
whole cake s1 s2 s3
Minnie $12.00 $3.00 $5.00 $4.00
Mickey $15.00 $4.00 $4.50 $6.50
Donald $13.50 $4.50 $4.50 $4.50
Minnie – S2, S3
15. Three players (Alex, Betty, and Cindy) must divide a cake among themselves. Suppose the cake is divided
into three slices: ( s1 s2 s3). The following table shows the percentage of value of the entire cake that each
slice represents to each player.
For each player, indicate which of the slices are fair shares.
s1 s2 s3
Alex 30% 40% 30%
Betty 35% 25% 40%
Cindy 33 1/3 % 50% 16 2/3%
Betty – S1, S3
Cindy – S1, S2
16. Five players (Addie, Ben, Callie, Dave, and Erin) must divide a cake among themselves. Suppose the
cake is divided into 5 slices (s1, s2, s3, s4, s5). The value of the entire cake and of each of the five slices in the
eyes of the players is shown in the table below.
For each player, indicate which of the slices are fair shares.
whole cake s1 s2 s3 s4 s5
Addie $15.00 $3.25 $2.50 $3.50 $2.50 $3.25
Ben $18.00 $4.00 $4.25 $3.25 $3.75 $2.75
Callie $12.00 $2.40 $2.40 $2.40 $2.40 $2.40
Dave $10.00 $2.50 $1.75 $1.50 $2.25 $2.00
Erin $20.00 $3.50 $3.75 $5.00 $4.90 $2.85
Erin – S3, S4
17. Determine a fair allocation of assets
18. Ana, Billy, and Cara are dividing four pieces of furniture using the method of sealed bids. Their bids on
each of the items are given in the following table.
20.
Three children (A, B, and C) are dividing the array of 12 candy pieces show in the following figure using the
method of markers. The players’ bids are indicated in the figure.
1 2 3 4 5 6 7 8 9 10 11 12
A1 C1 A2 B2
a. Describe the allocation of candy to each child. B1
C2
A – 1, 2 B – 10 -12 C–4–9