​An Airline's Flight Is About to Take Off

question 49

Multiple Choice

​An airline's flight is about to take off.It has a few empty seats left aboard.If it lowers its prices,it can fill the remaining seats and fly at full capacity.What should be done?

• A)​Sell the additional standby seats at a discount since the marginal costs of the additional passenger are almost zero and fly at full capacity
• B)Sell the additional standby seats without a discount
• C)Don't offer the additional seats for any price
• D)​none of the above

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Definitions:

Critical Thinking

Involves the objective evaluation and formulation of arguments based on the assessment of facts and logic, instead of subjective opinion or biases.

Open-Mindedness

The willingness to consider new ideas, perspectives, and possibilities without prejudice.

Continuous Process

An ongoing operation or series of actions that proceed without interruption, often used in manufacturing or other systematic tasks.

Critical Thinking Model

A framework or methodology utilized to enhance the process of thinking critically by breaking down the process into distinct stages or components.