Which of the Following Is a Variable Cost for an Airline

question 199

Multiple Choice

Which of the following is a variable cost for an airline?

• A)insurance 
• B)property taxes 
• C)jet fuel 
• D)rent of airport space

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Definitions:

Invisible Hand

A term coined by Adam Smith to describe the self-regulating nature of the marketplace where individuals pursuing their own interest inadvertently benefit society at large.

Government Policies

Measures and regulations implemented by a government to influence economic, social, or administrative outcomes in the country.

Government Intervention

Actions taken by a government to influence or directly control economic activities, often to correct market failures or promote economic stability.

Promote Efficiency

To enhance the effectiveness and productivity with which resources are used, minimizing waste and maximizing output.