{"id":124568,"date":"2022-01-29T06:59:00","date_gmt":"2022-01-29T06:59:00","guid":{"rendered":"https:\/\/essayparlour.com\/custom-essays\/?p=124568"},"modified":"2022-01-29T06:59:00","modified_gmt":"2022-01-29T06:59:00","slug":"al-has-found-1000-and-has-decided-to-divide-it","status":"publish","type":"post","link":"https:\/\/essayparlour.com\/custom-essays\/business-economics-2\/al-has-found-1000-and-has-decided-to-divide-it\/","title":{"rendered":"Al has found $1,000 and has decided to divide it"},"content":{"rendered":"<table style = 'table-striped table-bordered table-hover' responsive='true'>\n<tr>\n<th>Question<\/th>\n<\/tr>\n<tr>\n<td>Al has found $1,000 and has decided to divide it between his children, Bud and Kelly.<br \/>\n a. If Al believes that a fair division means giving equal amounts of cash to everyone, how much should he give to Bud and Kelly?<br \/>\n b. Suppose that Bud is rich and Kelly is poor. Assume that the marginal utility provided by a dollar declines the richer you are. If Al wishes to ensure that his gift provides the greatest possible collective happiness to his children, how should he divide the cash?<br \/>\n c. Suppose that Bud is rich and Kelly is poor. Assume that the marginal utility provided by a dollar declines the richer you are. If Al is concerned with distributing equal happiness to Bud and Kelly, how should he divide the cash?<br \/>\n d. How do each of your answers to (a), (b), and (c) align with some notion of fairness?<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Question<\/p>\n<p>\nAl has found $1,000 and has decided to divide it between his children, Bud and Kelly.<br \/>\n a. If Al believes that a fair division means giving equal amounts of cash to everyone, how much should he give to Bud <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-124568","post","type-post","status-publish","format-standard","hentry","category-business-economics-2"],"_links":{"self":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts\/124568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/comments?post=124568"}],"version-history":[{"count":1,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts\/124568\/revisions"}],"predecessor-version":[{"id":124569,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts\/124568\/revisions\/124569"}],"wp:attachment":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/media?parent=124568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/categories?post=124568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/tags?post=124568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}