Suppose the cost of flying a 200-seat plane for an airline is $100,000 and there are 10 empty seats on a flight. The airline should sell a ticket to a standby passenger only if the passenger is willing to pay
a. more than $200.
b. more than $300.
c. more than $500.
d. This cannot be determined from the information given.
d
Economics
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A nation's real GDP per capita is the ratio of real GDP to population
a. True b. False Indicate whether the statement is true or false
Economics
Refer to the data. If the firm closed down in the short run and produced zero units of output, its total cost would be:
A. zero.
B. $50.
C. $150.
D. $100.
Economics