An Executive,a Surfer,and a Schoolteacher Each Decide to Fly from Atlanta,Georgia,to

question 142

Multiple Choice

An executive,a surfer,and a schoolteacher each decide to fly from Atlanta,Georgia,to Honolulu,Hawaii.The schoolteacher can travel only during the months of June and July.The executive must travel in May for a meeting with her overseas board of directors.The surfer can travel anytime during the calendar year,but he faces a limited budget.The lowest airfare for each month is summarized in the following table.Assuming that the airline faces a constant cost of production each month for a flight,why is it beneficial for the airline to charge different prices each month?

• A) The airline wants to attract more business executives as customers.
• B) Because the airline is able to separate its customers into distinct groups-those who must travel during the summer months and those who can travel any time of the year-it is able to price discriminate and enjoy higher profits.
• C) The airline wants to restrict the number of customers who fly on a limited budget because it makes less profit on those ticket sales.
• D) Many schoolteachers travel with their families,so airlines prefer to make ticket prices reasonable for them.
• E) Because surfers often travel with oversized luggage,airlines want to make ticket prices attractive to these customers so that the airline can claim the extra baggage fees.

Compare and contrast the benefits and criticisms of different educational models and teaching approaches.

Understand the transition challenges children face when moving through educational levels.

Understand the characteristics and significance of newborn physiological responses and characteristics.

Identify and describe the normal newborn reflexes and their developmental significance.

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Definitions:

Unconscious

Relating to the part of the mind that is inaccessible to conscious thought but that affects behavior and emotions.

Memory

The cognitive process involving encoding, storing, and retrieving information, allowing individuals to retain and recall past experiences.

Pleasure Principle

A psychoanalytic concept suggesting that people seek immediate gratification to fulfill their desires and avoid pain, without considering the consequences.

Reality Principle

A psychoanalytic concept that represents the ability of the mind to assess the external world and act upon it realistically, as opposed to the pleasure principle.