Question
Demand for air travel in the US is described by the equation: Price per rpm = $130 rpm^-0.25, where rpm means revenue passenger mile. Currently,
Demand for air travel in the US is described by the equation: Price per rpm = $130 rpm^-0.25, where rpm means revenue passenger mile. Currently, the price is $0.13 per rpm. If the price is reduced to $0.10 per rpm, what will be the benefit to the flying public?
A $ 51.9 billion
B $ 54.9 billion
C $ 57.8 billion
D $ 49.0 billion
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Income Tax Planning
Authors: Thomas P. Langdon, E. Vance Grange, Michael A. Dalton
5th Edition
1936602075, 978-1936602070
