Consider possible solutions to the following situations. After you have arrived at you solutions, you will be asked to present and explain your answers to class.
(1) Bill, Bob, Mary Sue, Sammy Mae, and Bubba are the heirs to the estate of their parents. This includes the following items: a house, car, boat, farm, and $250,000 in cash. Come up with a way of dividing the estate fairly among the five siblings.
(2) The same five siblings are battling over a rather large piece of meat. Devise a way of dividing the meat such that all five siblings are happy with the size of meat they get.