Assume Ann and Bill both love apple pie, and a pie is given to them as a gift. Both Ann and Bill can eat an entire pie themselves within a one-day period, and this pie is not edible the second day. Based on economic theory, how will they split the pie? In reality, what is the likely outcome, and why?

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The Answer of Assume Ann and Bill both love apple pie, and a pie is given to them as a gift. Both Ann and Bill can eat an entire pie themselves within a one-day period, and this pie is not edible the second day. Based on economic theory, how will they split the pie? In reality, what is the likely outcome, and why?

Assume Ann and Bill Both Love Apple Pie, and a Pie