How to solve the following problem? You work with a team of 15 coworkers. Each of you works four hours a day, five days a week, during either the morning, afternoon, or evening shift. Your manager has left it up to the 15 of you to work out who will work which shift. No one really wants the evening shift. Right now, the six workers who are married are refusing to work the evening shift, arguing that they need time to be home with their spouses. They claim that their family needs are more important than the wishes of the unmarried workers, who would like evenings free to study or socialize. Your manager does not want to get involved in deciding who works which shift, but she wants to approve your final proposal.

You are serving on a jury. a plaintiff is suing the city for injuries sustained after falling down an uncovered manhole. in the trial, doctors testified that it will be 5 years before the plaintiff is able to return to work. the jury has already decided in favor of the plaintiff, and has decided to grant the plaintiff an award to cover the following items: a. recovery of 2 years of back-pay ($34,000 for two years ago, and $36,000 for last year, which ends today). assume that it is december 31 and that all salary is received at year end. this recovery should include the time value of money. b. the present value of 5 years of future salary. assume that the plaintiff's salary would increase at a rate of 3 percent per year. c. $100,000 for pain and suffering. d. $20,000 for court costs. assume an interest rate of 7 percent. what should be the size of the settlement?

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