Contract and Demand

This is a mooring of a sales firm which operates for 203 daytimelightlightlights in a year. Each day the firm operates, it generates revenue (profit) of Rs. 10 Lac. At the beginning of the year, the employees sexual uniting confronts the anxiety of the sales firm everyplace pays and the union presents its deal. The perplexity either gestates this, or rejects it and returns the next day with a counter extend for charter to be paid to the employees. The firm can string out and start functioning only after an agreement on wage is reached between the management and the union.As per the prevailing law in the state and the industry, it is the unions turn to present its prerequisite on the first day/round of duologue. At this point the management may either accept or reject the demand draw off by the union and stop till the next (second day of the year) day to come with its offer up. Where again the union has the choice to either accept or reject the offer made by the m anagement and go on to the next (third day of the year) day to make their demand to management. The rounds of negotiation may go on and on till the last day unless an agreement is reached between the parties over wage. x 5 = 20 (Please indicate the demand and offer in rupee value and indicate the pay off for both union and management as a, b where a = unions pay off and b = managements pay off) a. What would be the unions wage demand on the 1st day/round of wage negotiation between management and union, and in quality management accepts it what would be the managements pay off from such negotiation? b. Who would make an offer or place a demand on the 4th day/round of wage negotiation? What would be the offer / demand? What would be the pay off of each company (union and management) in case the offer / demand made is accepted by the other society? . Who would make an offer or place a demand on the two-hundredth day/round of wage negotiation? What would be the offer / demand? What w ould be the pay off of each party (union and management) in case the offer / demand made is accepted by the other party? d. Who would make an offer or place a demand on the 203rd day/round of wage negotiation? What would be the offer / demand? What would be the pay off of each party (union and management) in case the offer / demand made is accepted by the other party? Name- SID- SMS ID- Centre Name-