There are three (3) buyers, three (3) firms, and two (2) suppliers. Any buyer’s willingness to pay for any of the three firms’ product is $20. Supplier opportunity cost are $5. Each firm can only produce one unit of a product, buyers are only interested in buying one unit at most, and suppliers can supply one unit at most. (Remember, a good way to start is to think about the number of transactions happening).1.1. What is the total value created in this industry?1.2. What is the Added Value of a supplier?1.3. What is the Added Value of a firm?1.4. What is the Added Value of a buyer?1.5. According to the value based strategy framework, what price would you expect to be charged by...: ... a supplier: price= ... a firm: price Please refer back to the information in

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.

Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.

Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve