An airline can profit by offering standby customers an unsold seat at a substantial discount just before takeoff because
a. additional passengers are needed to balance the load.
b. the marginal cost of additional passengers is very small.
c. additional passengers add little to fixed costs.
d. such passengers add more to profits than do those with reserved seats.
b
Economics
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If a customer deposits $10,000 in currency into a checking account, the bank's total reserves ________
A) increase B) do not change C) are greater than 100 percent D) decrease
Economics
Monetary policy has short-run effects on which of the following?
A) the level of output but not its composition B) both the level and composition of output C) only the price level D) only the nominal interest rate, not the real interest rate E) none of the above
Economics