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Economics Suppose US Air has two classes of potential customers, holiday travellers and business travellers. There are 100 of each type of customer. Economy class
Economics Suppose US Air has two classes of potential customers, holiday travellers and business travellers. There are 100 of each type of customer. Economy class Business class Willingness to pay - $200 $250 Holiday travellers Willingness to pay - $250 $800 Business travellers Marginal cost per $100 $150 passenger If US Air it can provide only one class of travel at one price, then the profit maximising class of travel is [ Select ] , charging a price of [ Select ]
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