American Airlines Makes Numerous Nonstop Flights from Chicago's O'Hare Airport

question 47

Multiple Choice

American Airlines makes numerous nonstop flights from Chicago's O'Hare Airport to the airport at Dallas-Fort Worth. The distance between those two cities is 1,000 miles. The only variable cost, fuel, costs $.06 for each passenger-mile it flies. Bob, on his way to an emergency business meeting, buys a ticket in coach class for $1,300 at the very last minute. The marginal cost of flying Bob from Chicago to Dallas-Fort Worth is:

• A) $60.
• B) $160.
• C) $600.
• D) $1,300.

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Definitions:

Landowners

Individuals or entities that hold legal ownership of land or property.

Atlantic World

A term used to describe the interconnected web of social, economic, and political relationships across the Atlantic Ocean, primarily between Europe, Africa, and the Americas from the late 15th to the early 19th century.

Interdependent Web

Describes a complex system where all elements are interconnected and depend on each other for survival or function.

Transatlantic Trade

The exchange of goods, services, and capital between countries across the Atlantic Ocean, historically significant for its role in the colonial and post-colonial eras.