Boeing 747s Seat 400 Passengers and Are Priced at $200

question 49

Short Answer

Boeing 747s seat 400 passengers and are priced at $200 million each, Boeing 777s seat 300 passengers and are priced at $160 million, and European Airbus A321s seat 200 passengers and are priced at $60 million. You are the purchasing manager of an airline company and have a $7,920 million budget to purchase new aircraft to seat a total of 19,000 passengers. Your company has a policy of supporting U.S. industries, and you have been required to spend twice as much on U.S.- manufactured aircraft as on foreign aircraft. Given the selection of three aircraft, how many of each should you order
Number of Boeing 747s
__________
Number of Boeing 777s
__________
Number of European Airbus A321s
__________

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Definitions:

Far More Complex

This term suggests that something is much more complicated or intricate than it may initially appear.

Economic Theory

A set of principles and methodologies that economists use to analyze and predict patterns within the economy.

Normative Values

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An individual or entity that makes choices regarding the allocation of resources and the distribution of goods and services in an economy.