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.