A Large Airline Calculates That the Additional Cost of a Having

question 203

Essay

A large airline calculates that the additional cost of a having a passenger on a flight to the Bahamas as the cost of a bag of peanuts and a soft drink, which totals $1.50, but the airline's price is $600 for potential customers who want to buy vacant seats on the day of the flight.Which economic principle is this airline failing to utilize?

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Definitions:

Carbon Fixation

The conversion process of inorganic carbon (carbon dioxide) into organic compounds by living organisms, mainly by photosynthesis in plants.

Chloroplast

Organelles found in plant and algae cells that conduct photosynthesis, converting light energy, water, and carbon dioxide into sugars and oxygen.

Chemiosmosis

The movement of ions across a semipermeable barrier, generating ATP in the process of cellular respiration or photosynthesis.

ATP Synthesis

ATP Synthesis is the biochemical process by which cells produce ATP (Adenosine Triphosphate), utilizing energy from food molecules or sunlight in photosynthetic organisms to power cellular functions.