Airlines Often Engage in Last-Minute Price Cutting to Fill Remaining

question 41

Multiple Choice

Airlines often engage in last-minute price cutting to fill remaining empty seats on a flight because this practice will generally

• A)prevent rival airlines from competing in that market.
• B)increase marginal revenue more than marginal cost.
• C)maximise marginal revenue.
• D)discourage rivals from matching price cuts.

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Definitions:

Body Mass Index (BMI)

A measure of body fat based on an individual's weight in relation to their height, used to categorize underweight, normal weight, overweight, and obesity.

Overweight

Having more body weight than is considered normal or healthy for one's age, height, and body type.

Cognitive Development

The process by which a child learns to reason, solve problems, and think consciously as they grow older.

Lev Vygotsky

A Russian psychologist who developed theories on social cognitive development, emphasizing the role of social interactions and cultural tools in the development of thinking and learning.