Reference no: EM13982842
Need help with below 4 managerial economics questions; the responses to each should be between 75-100 words;
Strategic Game
Describe some interaction your company has with another entity (firms producing complementary or substitute products, upstream suppliers, or downstream customers), or between internal divisions within your firm that can be described as a sequential or simultaneous game. Diagram the strategies players and compute payoffs as best you can. Compute the Nash equilibria. What can you do to change the rules of the game to your advantage? Compute the profit consequences of your advice.
Bargaining
Describe some bargaining interaction your company has with another entity (firms producing complementary or substitute products, upstream suppliers, or downstream customers), or between internal divisions within your firm. Describe the bargaining as either a strategic or nonstrategic interaction. Compute payoffs as best you can. Compute the Nash equilibria (strategic) or the likely outcome (Nash's nonstrategic) outcome. What can you do to change the bargaining to your advantage? Compute the profit consequences of your advice.
Uncertainty
Describe a decision your company has made when facing uncertainty. Compute the expected costs and benefits of the decision. Offer advice on how to proceed. Compute the profit consequences of the advice.
Using Auctions in your business
Identify something you buy or sell that could be bough or sold using an auction. How would you run the auction? Do a benefit-cost analysis of the auction relative to how you currently buy or sell.
|
What is mia''s expected utility
: 1. Mia Dribble has a utility function u=W^(2/3). Mia is a basketball star starting her senior year. If she makes it through her senior year without a serious injury, she will receive a $8,000,000 contract for playing in the new professional women's b..
|
|
All alternatioves are equally acceptable
: For the cash flows shown, use an annual worth comparison and an interest rate of 10% per year. Determine the alternative that is economically best. Determine the first cost required for each of the two alternaqtives not selected in (a) so that all al..
|
|
Estimate velocity of compressional wave in homogeneous rock
: Estimate the velocity of a compressional wave in a homogeneous rock layer with a density of 2.75 g/cm3, a Young's modulus of 0.39 x 1011 N/m2, and a Poisson's ratio of 0.10.
|
|
Why in the long run an increase in the saving rate raises
: Why in the long run an increase in the saving rate raises productivity but its growth rate is unchanged?
|
|
Diagram the strategies players and compute payoffs
: Describe some interaction your company has with another entity (firms producing complementary or substitute products, upstream suppliers, or downstream customers), or between internal divisions within your firm that can be described as a sequential o..
|
|
Estimate speed with which water comes out of garden hose
: Estimate the speed in mph with which water comes out of a garden hose using your past observations of water coming out of garden hoses and your knowledge of projectile motion.
|
|
Certain securities over a given period
: Weekly rates of return (on an annualized basis) for certain securities over a given period are believed to be normally distributed with mean 8.00% and variance 0.25. Give two values x1 and x2 such that you are 95% sure that annualized weekly return..
|
|
Do you agree with his critics that he was speculating
: To what degree did he limit the upside and downside exposure of the transaction by hedging one half of it? Do you agree with his critics that he was speculating?
|
|
The government reduces tax rates
: Using diagrams for aggregate expenditures (AE) and aggregate demand and supply (AD-AS), show the short- run effects the following event has on the Canadian economy. Be sure to identify the cause of any shift or movement along AE, AD, and/or AS and in..
|