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- Case on Walmart: Suppose Walmart has announced plans to seek approval from the planning commission of a small town to build a new store. Develop a list of the main arguments, pro and con, that could be presented at a public hearing on the matter by members of each of these groups:1. Owners of small businesses located nearby2. Town residents, and residents of nearby townsHow might a Walmart representative respond to the negative criticisms that might be brought up, and what other benefits could the representative offer the planning board to bolster Walmart’s case for gaining the board’s approval?Two companies must collaborate to develop a new product. They must choose between two products, product A or product B. While Company ABC has a patent for product A, Company XYZ has a patent for product B. If a product gets developed, the company without a patent must pay licensing fees of $200K. The companies' profits (in $1000) are as follows: Table 2: Product Innovation ABC Product A Product B XYZ Product A Product B 300,100 0,0 1. What are the equilibria in pure strategies? 2. Which basic game does it resemble? 0,0 100,3001) Your firm must decide whether or not to introduce a new product. If you introduce the new product, your rival will have to decide whether or not to clone it. If you don't introduce the new product, you and your rival will earn $1million each. If you introduce the new product and your rival clones it, you will lose $5million and your rival will gain $20 million (you have spent a lot on R&D and your rival will not have to spend any R&D in order to clone it). If you introduce the new product and your rival does not clone, you will make $100million and your rival will make $0. a) Draw the extensive form (the tree diagram) of this game, carefully labeling each node and outcomes associated with each action. b) Should you introduce the new product? c) How would your answer change if your rival has "promised" not to clone your product? d) What would you do if patent law prevented your rival from cloning your product?
- Complete Table 3 the Aggregated Supply and Demand Data Price £/MWh 5 10 Volume [MWh] 0-15 15-35 Price £/MWh 80 Volume [MWh] 0-45 Table 3 Aggregated Supply and Demand Bids then plot aggregated supply and demand curves, finally use these curves to determine the Market Clearing Price (MCP) and the Market Cleared Volume (MCV)."While gasoline taxes and fuel economy standards can both be effective in increasing the number of miles per gallon in new vehicles, gasoline taxes are superior means of reducing emissions from the vehicle fleet." True/FalseSuppose Walmart has announced plans to seek approval from the planning commission of a small town to build a new store. Develop alist of the main arguments, pro and con, that could be presented at a public hearing on the matter by members of each of these groups: 1. Owners of small businesses located nearby.2. Town residents, and residents of nearby towns. How might a Walmart representative respond to the negative criticisms that might be brought up, and what other benefits could the representative offer the planning board to bolster Walmart’s case for gaining the board’s approval?
- 16-3 House Closing You’ve entered into a contract to purchase a new house, and the closing is scheduled for the next week. It’s typical for some last-minute bargaining to occur at the closing table, where sellers often try to tack on extra fees. You have three options for the closing: (1) attend yourself, (2) send an attorney authorized to close only per the previously negotiated terms, or (3) presign all the closing documents per the current terms and not attend the closing. Which of b. c. In Egypt, you calculate that the annual value created by one distributor is $60 million per year, but would be $80 million if two distributors carried your product line. How much of the value can you expect to capture? Argentina also has two distributors with values similar to those in Egypt, but both are run by the government. How does this affect the amount you could capture? In Argentina, if you do not reach an agreement with the government distributors, you can set up a less efficient…QUESTION 6 A public service official is appraising a project proposal for a project to be done by a domestic firm. The project's present values of benefits and costs, at market prices, are $3000 and $1550 respectively. If the project goes ahead, tax of $700 will be paid to the country, and pollution costing an estimated $250 will occur in the country. Assuming that the firm is a part of the referent group, what are the net present values generated by: a) The market cost benefit analysis = $ %3D b) the private cost-benefit analysis = $ %3D c) The efficiency cost benefit analysis = $ %3D d) the referent group cost benefit analysis = $ Provide your answers to two decimal places. Do not include any commas in your answer (i.e. do not include a "," between numbers). Ensure you show all your working in your spreadsheet.6-It is illegal and unethical to download and install a pirated copy of Microsoft Office on your own laptop. Select one : True O False
- (b) (і) Explain the concept of dominance in Game Theory, and discuss how it can be used in the solving of games. (ii) The zero-sum game below involves two players, each having two strategies. Solve the game, giving your answer as an outcome for Player X. Y1 Y2 Y3 XI -50 70 10 X2 20 -10 102.- Assume that consumers are uniformly distributed along a one-mile stretch of a beach. N ice cream vendors are pondering where to position their carts. The price that they are allowed to charge is fixed by the EACAC (Equal Access to Coolness for All Coalition). (Also, each consumer will buy exactly one ice cream.) (a) Show that there is no equilibrium (in locations) if N=3. (b) Suppose N=5 and vendors position their cart each at one of the (mile) points ( 1/6, 2/6, 3/6, 4/6, 5/6 ) is that an equilibrium?6) What type of protected intellectual property gives an inventor the sole right to make, use, sell, and license out their invention for a limited period of time? a) trade secrets b) copyright c) patents d) trademarks