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:

Tropisms

Biological phenomena where organisms grow or move in response to an environmental stimulus, such as light or gravity.

Circadian Rhythms

Biological processes that display an endogenous, entrainable oscillation of about 24 hours.

Aleurone Cells

Specialized cells found in the outer layer of seeds, particularly in cereal grains, that play a role in nutrient storage and mobilization during germination.

α-Amylase

An enzyme that breaks down starches into sugars, playing a critical role in the digestion of carbohydrates.