If an Airline Company Has Several Empty Seats on a Flight

question 215

Multiple Choice

If an airline company has several empty seats on a flight and the full price of an air ticket is $500 and the marginal cost per passenger is $100, then it will be profitable for the airline to

• A) charge a stand-by passenger no less than the full fare of $500.
• B) charge a stand-by passenger less than $100.
• C) charge a stand-by passenger more than $500.
• D) charge a stand-by passenger more than $100.
• E) fill the seats at the last minute for any price.

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Definitions:

Language Abilities

The capacity to understand, produce, and use language effectively to communicate.

Receptive Vocabulary

The range of words a person understands when heard or read, as opposed to those they use actively in speech or writing.

Productive Vocabulary

The set of words a person is able to produce or use actively in speech and writing.

Development of Language

Refers to the process by which humans acquire the capacity to perceive, produce, and use words to understand and communicate.