MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Billy and Joel need to divide a car and a dog. Using the method of sealed bids, Billy bids $5,000 on the car and $250 on the dog, while Joel bids $4800 on the car and $280 on the dog. Billy will get the car. Joel will take the dog and will also get some money from Billy. To make the division fair, how much money will Billy have to give to Joel?
Expert Solution
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Step 1
Billy bids = 5000 on the car
Billy bids = 250 on the dog
Joel bids = 4800 on the car
Joel bids = 280 on the dog
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