Essay
Suppose a cake , which is half chocolate and half vanilla , coast $12.00 to buy. We know that Jim has no preference between chocolate and vanilla and sally prefers chocolate two times as much as she prefers vanilla . Jim divides the cake into two pieces and sally choos one of the pieces . sally values her piece as being worth $8.00 . what is the value , to Jim, of the remaining piece?
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$6.00. Because Jim i...View Answer
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