If Qualls Quality Airline Cuts Its Domestic Fares by 30

question 42

Multiple Choice

If Qualls Quality Airline cuts its domestic fares by 30%

• A) its fixed costs will decrease.
• B) profit will increase by 30%.
• C) a profit can only be earned by decreasing the number of flights.
• D) a profit can be earned either by increasing the number of passengers or by decreasing variable costs.

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Definitions:

Water

A clear, flavorless, scentless, and almost invisible chemical compound that primarily makes up the waters of Earth's rivers, lakes, and seas.

Electronegativity

A measure of an atom's ability to attract and hold electrons, influencing the bond type and polarity among atoms.

Electrons

Subatomic particles with a negative charge, found in all atoms and playing essential roles in electricity, chemistry, and bonding.

Compound

A substance made up of two or more different elements that are chemically bonded together.