Click to see additional instructions If needed, graph values can be estimated to the nearest half-unit. Consider a situation with full information and non-cooperative bargaining and refer to the above figure. A. At the threat point, the union's payoff is offers can be made is feasible payoff for the firm is and the firm's payoff is . The highest feasible payoff for the union is (which is a gain of . In this graph, the number of rounds of bargaining in which (which is a gain of ) and the highest B. If an agreement is not reached in the first round of bargaining, the maximum gain for the union is and maximum gain for the firm is . The union's relative delay costs in this figure are the firm's. (Enter "1" for higher than, "0" for the same as, or "-1" for lower than.) C. Suppose the union makes the offer in the first round and the firm will make the offer in the second round if agreement is not reached. In this case, the union will offer the firm a payoff of in the first round. The Rubinstein outcome in this case gives the firm payoff and union payoff . This is a gain of for the firm and a gain of for the union. D. Suppose instead the firm makes the offer in the first round and the union will make the offer in the second round if agreement is not reached. In the first round, the firm knows that in the second round the highest feasible payoff for the union is . The firm will offer the union a payoff of union will this offer. (Enter "1" for accept, " 0 " for reject.) The Rubinstein outcome gives the firm payoff in the first round and the and the union payoff This is a gain of for the firm and a gain of for the union. When the union goes first the product of gains is . When the firm goes first, the product of gains is E. (Notes upload) Depict these gain areas by shading them in on a graph. Relative to when the firm goes first, the gains are "1" for higher, "0" for the same, "-1" for lower.) The magnitude of the difference between firm and union gains is when the union goes first. (Enter higher, "0" for the same, "-1" for lower.)