If Whisper Wings Airlines Cuts Its Domestic Fares by 30

question 106

Multiple Choice

If Whisper Wings Airlines 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:

Alfred Adler

An Austrian medical doctor and psychotherapist, known for founding the school of individual psychology which emphasizes the importance of the feeling of inferiority in the development of personality.

Overcoming Inferiority

The process of addressing and mitigating feelings of inferiority to improve self-esteem and personal development.

Alfred Adler

An Austrian medical doctor and psychotherapist known for founding the school of individual psychology, emphasizing the importance of feelings of inferiority.

Sexual Instinct

The natural inclination towards sexual behavior and activities.