Thank you!!!!! Consider following information in the table whereas P $5/bushel. L (no. of workers) Q...

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Consider following information in the table whereas P $5/bushel. L (no. of workers) Q (bushels of MPL VMPL wheat) 1000 1800 2400 2800 3000 Q.3 Find MPL and VMPL Marks Q.4 Fill them in the blank spaces of the table Marks Q.5 Then graph a curve with VMPL on the vertical axis, L on horizontal axis 8Marks

Q.6 Two players i.e. American Airlines and United Airlines have the choice of cutting fares by 50% or leave fares alone; - If both airlines cut fares., each airlines profit $400 million If neither airline cuts fares, each airlines profit S600 million If only one airline cuts its fares, its profit $800 million the other airlines profits $200 million Draw the payoff matrix; find the Nash equilibrium using prisoners dilemma?10 Marks

business economics

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$5/bushel Oo 0 0001goo 1800160 1,00 98o o 3000 гее. Ч00 2000 3 o o o 20Θ 20O 5 ro0o ラ OH 1 2 3 4 5 6 nsweha6 nited Airlines Not Cut O0 40 00 JLO0 erian Aislines No $100 $600 $600 Cat Cut Cut) is the nash Equilibnun to opt o nich (ggt isty detin İhon

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Thank you!!!!! Consider following information in the table whereas P $5/bushel. L (no. of workers) Q...

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