Question
Course: Microeconomics - Cap. 1 Thinking like an Economist - Robert Frank There are 2 types of radars for detecting weather on commercial passenger aircraft:
Course: Microeconomics - Cap. 1 Thinking like an Economist - Robert Frank There are 2 types of radars for detecting weather on commercial passenger aircraft: the latest in radars and one that costs much less, but is also less effective. The Air Navigation Agency (ANA) has hired him to find out whether all aircraft should be required to carry the latest radar. After a thorough study, you recommend that the most expensive radar be required only on passenger aircraft with more than 200 seats. How would you justify that recommendation to ANA members who complain that all passengers, regardless of the number of seats on the aircraft, are entitled to travel with the best radar currently available?
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