Which of the following is most likely to be a variable cost for an airline?
A. Insurance
B. Property taxes
C. Jet fuel
D. The lease payment on the building where the airline’s headquarters are located.
Answer: C
Economics
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In the long run, if housing prices are higher in San Diego, California, versus Nashville, Tennessee, then
a. individuals would move to Nashville b. individuals would move San Diego c. there would be no movement across the two cities, since the difference in prices is pure compensation for difference in living conditions d. Both B&C
Economics
Game theory:
A. is the analysis of how people (or firms) behave in strategic situations. B. is best suited for analyzing purely competitive markets. C. reveals that mergers between rival firms are self-defeating. D. reveals that price-fixing among firms reduces profits.
Economics