An Airline Company

question 144

Multiple Choice

An airline company

• A) cannot price discriminate because it is against the law.
• B) price discriminates by charging higher prices to business travelers.
• C) price discriminates by charging lower prices to business travelers.
• D) price discriminates even though its profits are lower because competition forces it to do so.
• E) has fewer customers because it price discriminates than it would have if it did not price discriminate.

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Definitions:

Class Width

The difference between the upper and lower boundaries (or real limits) of any class/interval in a frequency distribution.

Homework

Assignments given to students by their teachers to be completed outside the class.

Cumulative Percent Frequency

A statistical measure that shows the percentage of observations that fall below or at a particular value when the data set is ordered.

Hours Worked

The total amount of time an individual spends performing tasks or activities related to employment within a given period.