Alex and Peter are hoping to negotiate the sale of the wardrobes. Considering the following: Alex's target point is $300, and his resistance point is $94.Peter's target point is $120, and his resistance point is $180.What is the bargaining zone? Question 2Select one:$180 (The difference between Peter and Alex's target points)$206 (Alex's target point minus Alex's resistance point)$86 (The difference between Peter and Alex's resistance points)$300 (Alex's target point)

Peter has just moved out of home and he is searching on Monash Marketplace for some second-hand furniture. He came across Alex selling some wardrobes which he really needs for his new place. Alex's target point is $300 for the wardrobes, and Alex's resistance point is $94, as he needs $59 dollars to pay his phone bill, and $35 to buy food for the week. Peter recently sold his motorbike helmet for $142, and his aunt gave him $50 for his birthday. Peter also needs to purchase a shoe rack which costs $12 at Kmart. Therefore, the absolute most Peter can pay for the wardrobes is $180.What is Peter's resistance point ?  Question 1Select one:$300$180$142$192

Bargaining, and auctions

Doc and Brewster are in a negotiation over royalties. The negotiations proceed as follows. Doc can set a price p. Having seen Doc’s offer Brewster can either accept (A) or reject (R). If Brewster accepts Doc’s offer the payoffs are p to Doc and 500 – p to Brewster. If Brewster rejects (R) the payoffs are 0 to Doc and 150 to Brewster. What is the highest price p that Doc can offer that is accepted in the subgame perfect equilibrium? p =                       .

Chrissie owns a vintage guitar that she values at $0. Mark would like to buy the guitar and values it at $1000. The negotiations are as follows. Mark offers a price to Chrissie. If Chrissie agrees trade takes place at the agreed price. If Chrissie rejects the offer, negotiations end and each party receives a payoff of $0. What is the outcome of the negotiations?Group of answer choicesMark offers a price close to $1000 and Chrissie rejects the offerTrade takes place at a price of $1000.Trade takes place at a price of $500Trade takes place at a price of $0Chrissie rejects any offer Mark makes.

William owns a car that he values at $5000. Jackson values the car at $7500. The negotiations between them for a potential trade are as follows: William offers a price to Jackson. If Jackson accepts, trade takes place at that price. If Jackson rejects, William keeps the car and Jackson buys a similar car which he values the same as William’s car from James for the price of $6000. What will the outcome be of the negotiation process? Group of answer choices William suggests Jackson pay $6125 and Jackson accepts the deal. William suggests Jackson pay $5000 and Jackson accepts the deal. William suggests Jackson pay $7500 and Jackson accepts the deal. William suggests Jackson pay $6000 and Jackson accepts the deal. William suggests Jackson pay $5000 and Jackson rejects the deal.