If an Airline Company Has Several Empty Seats on a Flight

question 215

Multiple Choice

If an airline company has several empty seats on a flight and the full price of an air ticket is $500 and the marginal cost per passenger is $100, then it will be profitable for the airline to

• A) charge a stand-by passenger no less than the full fare of $500.
• B) charge a stand-by passenger less than $100.
• C) charge a stand-by passenger more than $500.
• D) charge a stand-by passenger more than $100.
• E) fill the seats at the last minute for any price.

Identify how changes in nominal and real GDP impact the money market.

Analyze the effect of monetary policy actions by the Federal Reserve on the economy.

Distinguish the impacts of fiscal policies on investment, GDP, and the interest rate.

Comprehend the influence of interest rates on investment decisions.

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Definitions:

Light-Independent Reactions

Also known as the Calvin cycle, these are chemical reactions in photosynthesis that convert carbon dioxide and other compounds into glucose, occurring without the direct need for light.

Carbon

A chemical element with symbol C and atomic number 6, known as the basic building block of life, present in all known life forms and the basis of organic chemistry.

PGAL

Phosphoglyceraldehyde, a three-carbon molecule that is an important intermediate in the photosynthetic conversion of carbon dioxide into glucose as well as in glycolysis.