An Airline Has Exclusive Landing Rights at the Local Airport

question 53

Multiple Choice

An airline has exclusive landing rights at the local airport. The airline flies one flight per day to New York with a plane that has a seating capacity of 100. The cost of flying the plane per day is $4,000 + 10q, where q is the number of passengers. The number of flights to New York demanded is q = 165 - .5p. If the airline maximizes its monopoly profits, the difference between the marginal cost of flying an extra passenger and the amount the marginal passenger is willing to pay to fly to New York is

• A) $10.
• B) $100.
• C) $140.
• D) $160.
• E) None of the above.

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A peak of sexual excitement, characterized by strong feelings of pleasure and by a series of involuntary contractions of the muscles of the genitals.

Pregnant

The state of carrying a developing embryo or fetus within the female body.

Sexually Transmitted Infections

Infections that are primarily spread through sexual contact, including diseases like HIV, gonorrhea, and chlamydia.

Homosexual

An adjective used to describe individuals who are romantically or sexually attracted to people of the same sex.