Question
Suppose an airline marginal cost per seat for the round-trip fight is $500. For profit-maximization, the airline should charge $_____ per round-trip (Hint: Apply the
Suppose an airline’ marginal cost per seat for the round-trip fight is $500. For profit-maximization, the airline should charge $_____ per round-trip (Hint: Apply the “half-way rule” of MR, CH 12).
A. 500
B. 1,000
C. 1,500
D. 2,000
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Answer 2000 The airlines marginal cost per seat for the roundtrip fight is 500 So the market ...
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
