Learning Goal: I’m working on a micro economics multi-part question and need an

Learning Goal: I’m working on a micro economics multi-part question and need an explanation and answer to help me learn.
Problem set1
Managerial Economics, as the second course in the microeconomics series, will cover analysis of the theory and
practice of decision making in business firms, applying the concepts and techniques of microeconomics. Topics
may include pricing schemes, non-price competition, the internal organization of firms, incentive contracts,
asymmetric information, and game theory. Case studies are used to illustrate some topics.