Andi, Chris, and Kim must make a fair division of a car left to them by their father. Using the Knaster inheritance procedure, the values they bid on the car are given below.
$\begin{array}{lccc}
&\text { Andi}& \text { Chris}& \text { Kim }\
\text { Car } &\$ 2400& \$ 3000& \$ 2700
\end{array}$

How much value does Chris think he ends up with?
A) $3000
B) $1300
C) $1100
D) $1000

Question

Andi, Chris, and Kim must make a fair division of a car left to them by their father. Using the Knaster inheritance procedure, the values they bid on the car are given below. 
$\begin{array}{lccc}
 &\text { Andi}& \text { Chris}& \text { Kim }\
 \text { Car } &\$ 2400& \$ 3000& \$ 2700
\end{array}$

How much value does Chris think he ends up with?
A) $3000
B) $1300
C) $1100
D) $1000

Quizplus · Accepted Answer

Chris values the car at $3000. He pays $1000 to each of the other two ($2000 total) to keep the car, leaving him with $1000 in cash. Thus, he thinks he ends up with $3000 (car) - $2000 (paid) = $1000 in value.

Andi, Chris, and Kim Must Make a Fair Division of a Car