Pete, Alex, and Donald, collect trading cards. The boys’ homeroom teacher found four of...

Pete, Alex, and Donald, collect trading cards. The boys’ homeroom teacher found four of the trading cards in his desk. The cards had been there so long that he did not know who they belonged to, so he told the boys they could divide them up however they liked. In the set of four cards, there were two common cards and two very rare cards. The boys make the following sealed bids on the cards.

a. For each card, who was the highest bidder?

b. How much money is placed in the compensation fund?

c. Which cards go to which boys? How much money does each boy pay? How much monetary compensation does each boy receive?