Managerial Ecnomics pls answer from question 5 to 8 and make the answers as clear as possible by using simple English to understand.

5. Explain the term satisfice as it relates to the operations of a large corporation. 6. Discuss the meaning of the term principal-agent problem. Why does this problem exist? 7. Why may corporate managers not specifically aim at profit (or wealth) maximization for their companies? 8. What are some of the forces that cause managers to act in the interest of shareholders? 9. Do you believe that profit (or shareholder wealth) maximization still represents the best overall economic objective for today's corporation? 10. Because of inflation, a company must replace one of its (fully depreciated) machines at twice the nominal price paid for a similar machine 8 years ago. Based on present account- ing rules, will the company have covered the entire cost of the new machine through depre- costs