Washington, Adams, Jefferson, and Madison bid on a much coveted resource (who will get the Presidency).
Washington Adams Jefferson Madison
The Presidency $35 $45 $15 $75
The statesmen decide that Washington should get The Presidency. Washington will then pay everyone else $7.
(a) What is the value of the winning bid in this example?
35
(b) What is the sum of everyone's fair share in this example?
42.5
(c) What is xAdams in this example?
26/4
(d) What is xJefferson in this example?
52/3
(e) What is xMadison in this example?
75/4
(f) What is xWashington in this example?
35/14
(g) What is Adams's fair share?
11.25
(h) What is Jefferson's fair share?
3.75
(i) What is Madison's fair share?
18.75
(j) What is Washington's fair share?
8.75
(k) What is Adams's XB ratio? Give a decimal answer rounded to four decimal places.
(l) What is Jefferson's XB ratio? Give a decimal answer rounded to four decimal places.
(m) What is Madison's XB ratio? Give a decimal answer rounded to four decimal places.
(n) What is Washington's XB ratio? Give a decimal answer rounded to four decimal places