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Jack and Jill went up the hill and found an antique water pail. Jack and Jill must now make a fair division of the pail using the Knaster inheritance procedure. Jack bids $80 for the value of the pail and Jill bids $65.
-How much value does Jill think she ends with?
A) $36.25
B) $32.50
C) $40
D) $43.75

Question

Quizplus · Accepted Answer

Jill's bid is $65, so she puts half of her bid, $32.50, into the pot. Jack wins the pail and puts half of his bid, $40, into the pot. The pot now has $72.50. Jill receives half of the pot, $36.25, plus her remaining half bid value, $32.50, totaling $36.25 in value.

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