Question
An airline has a flight from New York to Chicago with 4 empty seats that it could sell for $ 200 each.The average cost of
An airline has a flight from New York to Chicago with 4 empty seats that it could sell for $ 200 each.The average cost of the flight is $ 400 and the marginal cost is $ 40.Should the airline sell the empty seats or not.Explain your reasoning
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
