marginal and nash

Three airlines (A, B and C) are competing for passengers on a lucrative long-haul air route. At present, the carriers are charging identical fares ($225 for a one-way ticket), the result of a truce in recent price wars. The airlines currently compete for market share via the number of scheduled daily departures they offer. Each airline must make its decision for the desired number of daily departures for the coming month-without knowing its rivals' plans ahead of time. Each airline is aware of the following facts: • The size of the total daily passenger market is stable irrespective of the number of departures offered. At current prices, an estimated 2,000 passengers fly the route each ... click for more

Productivity and Costs

Can you please give me an example of a company that has made a strategic decision based on productivity and costs. Can you also explain to me how to incorporate the law of diminishing marginal productivity and the relationship between productivity and cost in relation to the organization?

Microeconomics

How is a strategic decision based on productivity and costs? Can you please explain the law of diminishing marginal productivity? Can you please explain the relationship between productivity and cost?

Productivity and Costs

Can you please give me an example of a company that has made a strategic decision based on productivity and costs. Can you also explain to me how to incorporate the law of diminishing marginal productivity and the relationship between productivity and cost in relation to the organization?

need to solve the following problem

What is an externality? What is a public good? Can you please also give examples.